Countries with the Highest Unemployment Rate

#2. Spain

Jobless Rate: 27.2 Percent

Spain, the fourth largest economy in the euro zone, is the second on the list. The country plummeted into economic slump in the mid-2008 after the property bubble burst, sinking the key construction and services sectors within the country. This initiated massive layoffs and the unemployment numbers increased by more than two folds..

#3. South Africa

Jobless Rate: 25.2 Percent

South Africa, the largest economy on the African continent, is the next entry in the list. Unlike rising redundancy or joblessness in Eurozone, the situation is not alien to this African nation; the country is battling high unemployment rates since the late 1990’s.

#4. Nigeria

Jobless Rate: 23.9 Percent

Mismanagement has plagued this African nation since ages. Yes, most experts believe that the fortunes within the country may lead to a major change and the nation may be on the positive path of growth in the near future, but the politicians of the country are yet to come up with effective strategies to counter the high unemployment affecting its people.

Read More:

Entrance Exams, Doing More Harm Than Good?

10 Most Luxurious Workplace Perks