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Escape the Rut: Practical Tips for Overcoming Job Dissatisfaction
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China has to overcome many challenges to stabilize the employment situation in the country, especially because millions of fresh college graduates and other youths enter the job market every year and the sluggish demand of enterprises for workers has raised the unemployment rate.
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âWhen you lose your job, the unemployment rate isnât 4%, it is 100%â
âThomas Freidman
âThere is no such thing as acceptable level of unemployment because hunger is not acceptable, poverty is not acceptable, poor health is not acceptable and a ruined life is not acceptableâ â Hubert H, Humphrey
Nigeriaâs National Bureau of Statistics (NBS) published its report recently on unemployment. In the said report, the rate of unemployment as at the last quarter of 2020 stood at 33.3% representing an increase of 6.2% when compared with the Quarter 2 unemployment rate of 27.1%. Breaking the numbers down, the NBS stated that the total labour force, meaning persons within the ages of 15 and 64, was 122m, showing an increase of 5m from the labour force of 117m people in Quarter 2. The countryâs underemployment rate was put at 22.8%. The NBS Report further stated that youth unemployment (those aged between 15 and 34), incr