Why Global Unemployment Is Rising

Since the global recession of 2008, unemployment has remained a significant issue for many countries. According to the International Labor Organization (ILO), unemployment has risen in two-thirds of European countries since 2010, while the stuttering economic recovery in advanced economies such as the U.S. and Japan has continued to have a significant impact on global unemployment and underemployment rates. The ILO study also found that in comparison to unemployment figures recorded before 2008, there are now 50 million fewer jobs available in the global economy, and this situation is unlikely to improve in the face of continued austerity, political change and economic uncertainty. Greece: Suffering from Five Years of Recession Greece is now entering its fifth year of recession and is at the heart of a prolonged eurozone crisis that has already afflicted a number of central European nations. Growing political turmoil and the absence of a recognized government is undermining the nation's economy and financial stability. The country is also suffering from a soaring unemployment rate. In fact, data released by the country's statistics service ELSTAT reveals that Greece experienced a record high level of unemployment during February of this year, with 21.7% of citizens reported as being out of work. Not only have these economic and political issues left more than 1 million individuals unemployed in Greece, but they have also had a highly detrimental effect on the prospects for young job seekersaged between 15 and 24. Within this social demographic, the employment rate stands at a staggering 53.8%, which is 13.5% higher than the figure from the previous year. In total, the nation is reported to have lost more than 500,000 jobs between 2008 and 2012, and it appears to lack a stable foundation from which to launch a sustained and much needed recovery. Zimbabwe: Adapting to Significant Political Change Zimbabwe has undergone significant change during the last four years, thanks largely to the formation of an inclusive government in 2008. As the nation has struggled to manage the subsequent transition and been unable to cultivate a strong financial sector, it has faced several challenges that have caused the unemployment rate to remain uncomfortably high. The International Monetary Fundhas identified these obstacles as part of the recent "Change Readiness Index 2012" report, which evaluates nations and their ability to manage change and create opportunities for growth. Zimbabwe's weak business climate and high poverty rate have created an unstable economy and a paucity of employment opportunities - an estimated 80% of citizens are unable to secure job opportunities or long-term placements. This figure rises to 92% when underemployment is included, which remains unusually high, even when compared with neighboring African nations that face similar social and economic challenges. Tunisia: Feeling the Effects of Revolution It is clear that political change and instability has a major impact on a nation's rate of unemployment, especially in circumstances where citizens have a desire to embrace a better standard of living and less oppressive government rule. This was the case in Tunisia during 2011, where economic hardship encouraged a revolution and the eventual removal of President Ben Ali. However, rather than improving their situation, the people of Tunisia are now experiencing a worsening socio-economic climate, marked by a recession after a decade of sustained growth. It comes as no surprise that Tunisia's unemployment rate soared in 2011, peaking at 18% during the last financial quarter. This is an increase of 5% from 2010, and

alongside rising inflation, has diminished the average citizen's purchasing power and overall level of consumer confidence. The unemployment rate is even higher among young university graduates, peaking at 44% by the end of last year and creating a growing sense of unease within the nation. The Bottom Line The ILO reported that the global rate of employment stood at just 60.3% in 2011, which is 0.9 percentage points lower than before the widespread economic downturn of 2008. Several factors continue to influence the growth of global unemployment, including social, political and economic unrest. As these problems continue to undermine the global economy, sustainable recovery will remain a distant dream for many independent nations.

Sumber: http://www.investopedia.com/financial-edge/0512/why-global-unemployment-is-

rising.aspx

Mengapa Pengangguran Global Semakin Meningkat

Sejak krisis ekonomi terjadi tahun 2008, pengganguran masih menjadi masalah utama bagi banyak negara. Menurut Organisasi Buruh Internasional (ILO) pengangguran mengalami peningkatan di 2/3 negara di Eropa sejak tahun 2010, sementara pemulihan ekonomi yang tersendat di negara maju seperti As dan Jepang memberi dampak yang signifikan pada tingkat pengangguran secara global. ILO juga menemukan bahwa sekarang pekerjaan yang tersedia di ekonomi global mengalami penurunan sebanyak 50 juta dibandingkan sebelum tahun 2008. Yunani telah mengalami krisis ekonomi global selama 5tahun. Yunani merupakan pusat krisis berkepanjangan di Eropa dan berdampak pada sejumlah negara di Eroa Tengah. Kekacauan politik yang terjadi dan pemerintahan yang tidak terkendali telah merusak perekonomian dan stabilitas keuangan negara tersebut. Tingkat pengangguran di Yunani juga meningkat, bahkan menurut badan statistik Yunani (ELSTAT) mengungkapkan bahwa tahun ini terjadi peningkatan tingkat pengangguran sebesar 13,5% dari tahun sebelumnya , sebanyak 21,7% warga dinyatakan dikeluarkan dari pekerjaannya antara tahun 2008 dan 2012. Tidak hanya itu hal ini juga berdampak buruk pada pencari kerja muda (usia 15-24tahun). Iklim usaha yang lemah di Zimbabwe dan tingkat kemiskinan yang tinggi menciptakan perekonomian yang tidak stabil dan kurangnya kesempatan kerja - diperkirakan 80% warga tidak mampu untuk mendapatkan peluang kerja dalam kurun waktu yang cukup lama. Angka ini meningkat sampai 92%, bahkan jika dibandingkan dengan negara-negara Afrika tetangga yang menghadapi tantangan sosial dan ekonomi yang sama.

Tunisia: Merasakan Dampak Revolusi Perubahan politik dan ketidakstabilan memiliki dampak yang besar pada tingkat pengangguran di suatu negara. Ini adalah kasus di Tunisia selama tahun 2011, di mana kesulitan ekonomi mendorong revolusi dan penghapusan jabatan Presiden Ben Ali. Namun, bukan memperbaiki situasi mereka, rakyat Tunisia sekarang mengalami iklim sosio-ekonomi yang memburuk, ditandai dengan resesi setelah satu dekade pertumbuhan yang berkelanjutan. Tingkat pengangguran Tunisia melonjak pada tahun 2011, mengalami peningkatan sebesar 5% dari 2010, dan di samping meningkatnya inflasi, berkurangnya daya beli masyarakat dan berkurangnya tingkat kepercayaan konsumen. Tingkat pengangguran ini bahkan lebih banyak terjadi pada sarjana yang baru lulus. The Bottom Line ILO melaporkan bahwa tingkat global kerja berdiri di hanya 60,3% pada tahun 2011, yang merupakan 0,9 persen lebih rendah dari sebelum krisis ekonomi tahun 2008 luas. Beberapa faktor terus mempengaruhi pertumbuhan pengangguran global, termasuk kerusuhan sosial, politik dan ekonomi. Seperti masalah ini terus melemahkan ekonomi global, pemulihan yang berkelanjutan akan tetap menjadi mimpi yang jauh untuk banyak negara independen. Kalimat Passive : 1. In fact, data released by the country's statistics service ELSTAT Kalimat aktif: 1. ELSTAT reveals that Greece experienced a record high level of unemployment during February of this year. 2. economic and political issues left more than 1 million individuals unemployed in Greece. 3. The International Monetary Fund has identified these obstacles as part of the recent "Change Readiness Index 2012" report 4. Zimbabwe's weak business climate and high poverty rate have created an unstable economy 5. economic hardship encouraged a revolution and the eventual removal of President Ben Ali 6. The ILO reported that the global rate of employment stood at just 60.3% in 2011

UNEMPLOYMENT