This Country Has The Lowest Unemployment Rate In The World

Mahnoor Sheikh (@mahnoorsheikh03) Published May 19, 2019 | 10:52 AM

Be it the developed states or the developing ones, the masses have to face unemployment in the face of global recession.

Lahore (UrduPoint / Pakistan Point News – 19th May, 2019) Unemployment remains a major issue across the world.

Be it the developed states or the developing ones, the masses have to face unemployment in the face of global recession.

However, there is one country that is revealed to have the lowest employment rate in the world.

Dubai is the country that continues to record the lowest rates of unemployment in the world and one of the highest rates in economic participation

According to the Labour Force Survey 2018 published by Dubai Statistics Center, Dubai’s unemployment rate reached 0.5 per cent last year, while the refined economic participation rate as a percentage of total working-age population reached 83.2 percent.

The results of the Labour Force Survey 2018 illustrate the flexibility and strength of Dubai’s economy, said Arif Al Mehairi, Executive Director of Dubai Statistics Center.

Carried out in accordance with the latest methodologies and standards of the International Labour Organization (ILO), the Survey seeks to identify the demographic and socio-economic characteristics of employed and unemployed Emiratis and Non-Emiratis residing in Dubai.

The survey has used the latest technologies and smart geospatial tools to infer the data from a representative sample of 3,000 households in Dubai.

The sample included 1,500 Emirati households and 1,500 non-Emirati households distributed across various Dubai communities.

According to the survey, 2,242,363 people were employed in the emirate last year out of which 81.3 per cent were males while 18.7 per cent were females.

The number of Emiratis employed and residing in Dubai went up by the end of 2018 to 82,630 compared to 75,856 by the end of 2016, which marks an increase of 6,774 employed Emiratis over the past three years, and an increase of employed Emiratis by 8.9 percent in 2018 compared to 2016.