Top Nations Ravaged By Unemployment

By siliconindia  |   Thursday, 06 February 2014, 01:28 IST
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Bangalore: Are you an out of work employee who is struggling to find a new job or a worker who is unhappy with the current job, but is hesitant to leave, fearing the worst? Relocating to a country with the best employment figures seems to the best option to earn a respectable living. But avoid the below mentioned nations at all costs, as landing a lucrative job in these countries can be next to impossible in the present situation, as listed on Rediff.



#24. India



Jobless Rate: 9.9 Percent



With an unemployment rate of 9.9 percent, India occupies the 24th position in our list. High inflation, falling rupee and widening current account deficit are viewed as the major reasons behind the slump of the Indian Economy. Lack of government’s initiatives to curb the above mentioned issues and pushing populist schemes such as Food Security Bill, which can have a negative impact on fiscal deficit are seen as some of the others reasons for snail-paced economic growth.  



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