World Economy

Asian Cities Saddled With Unsustainable Jobs

Asian Cities Saddled With Unsustainable JobsAsian Cities Saddled With Unsustainable Jobs

Kathmandu, capital of Nepal, has the highest rate of unemployment where as Vietnam's Phnom Penh records the lowest official unemployment rate in Asia.

With the growing political instability across the world resulting in global recession nearly every country has been facing the challenge of unsustainable employment. From the big cities to the smaller ones a common trend is the scarcity of reasonable jobs, ANN reported.

According to The 2017 Global Least & Most Stressful Cities Ranking report, Kathmandu city has the highest rate of unemployment in Asia. With 8.34% of the population still looking for a job, the city faces youth unemployment as one of the biggest issues.

Brunei’s capital, Bandar Seri Begawan which is well-known for its standard of living has the second highest rate of unemployed people according to the report. The public sector is the main employer in Brunei and it is not able to absorb the growing numbers of young people wishing to enter the workforce every year.

Fighting drug war, Philippines is also struggling to create jobs for the expanding population. Although the idle population rate is steadily declining in Jakarta, it still has 6.26% population waiting for work opportunity.

Pakistan’s commercial capital Karachi has 6.12% of unemployment rate. Although it is the major industrial base of the country but due to the persistent political unrest it has seen little investment.

Bangladesh’s major city Dhaka has 4.81% jobless people. India’s capital, New Delhi, is next with 4.38% of population struggling to find a job.

The growing industrial sector in Colombo seen as critical for economic take off has failed to absorb the growing labor force in the country. The unemployment rate in the city is 4.14%.

In japan, Osaka prefecture once seen as a thriving labor hub is seeing decline in employment rate. A neighborhood with lots of construction jobs available once is facing job scarcity with unemployment rate at 3.72% . Osaka prefecture has the largest number of homeless people in the country mostly because of the unemployment.

With the South Korean economy slowing and smaller businesses having difficulty to grow, Seoul has an unemployment rate of  3.48%. The urban unemployed population comprises mostly of youth who despite studying for many years and appearing in tests, fail to secure desired employment.

High unemployment not only damages economies but also disrupts social structures. Heavily populated Shanghai and Japan’s busy capital Tokyo is facing the vicious problem despite strong technological advancements.

Modern city, Kuala Lumpur is also witnessing slow job growth and rise in unemployment.

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