Unemployment is becoming a huge problem. If we talk about America or European countries or Asia or Africa, there is no place where unemployment is not showing its effect. If unemployment continues to grow like this, then people will not have sources of income, then how will they buy things. How will industries develop? If people do not demand, then how will there be supply and if there is no supply, then businesses will close down. Businessmen do not understand this. Are they constantly thinking of reducing jobs? Using artificial intelligence will make jobs even worse. That is why governments all over the world should pay attention to unemployment. Along with this, big companies should also pay attention to unemployment and create employment opportunities. Otherwise, in the end, they will have to bear the loss.If the whole world has to be taken on the path of development, then the rate of employment has to be increased. Such a situation has to be created in which almost all people can get employment. If not all people, then as many people as possible can get employment. People can easily buy the goods of their daily life. When people’s stomachs are full and they have the things of their basic need, then they will develop and contribute to the development of the country and the world. Therefore, reducing unemployment is a basic need. Therefore, all countries should come together and work on this for the whole world. Big businessmen should also come together and work on this, this is a very basic and important need of the world.In 2023, South Africa had the highest unemployment rate in the world at 28.4 percent. Nine of the 10 countries with the highest unemployment rates were in sub-Saharan Africa.
The unemployment rate is the number of people in the workforce who are currently looking for a job but are not working. This number does not include students and retirees, because they are not looking for work, nor does it include people who have given up looking for a job.