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Unemployment By Countries 2023

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This week’s OSIN report discusses about Unemployment By Countries in 2023.

Unemployment refers to the condition of individuals who are actively searching for employment but lack paid work. It is typically measured through a country’s unemployment rate, calculated by dividing the number of unemployed individuals by the total labour force and expressing it as a percentage. Comparisons of unemployment rates across countries can be challenging due to differences in methodologies, definitions, and age limitations. To facilitate meaningful international comparisons, various international organizations strive to establish harmonized measures. These efforts aim to provide accurate insights into labour market dynamics, inform policy decisions, and address the challenges faced by job seekers worldwide. By reducing unemployment and promoting sustainable employment, countries can foster economic growth and social well-being for their populations.