More Than a Quarter of Young Iraqi Men Remain Jobless, Threatening Stability
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A report released a few days ago by the United Nations's Information Analysis Unit finds that more than "a fourth of Iraq's young men are out of work, a situation that is likely to worsen and threatens the country's long-term stability. ... Overall, the country's unemployment rate is 18%, but an additional 10% of the labor force is employed part time and wanting to work more." In a country still struggling to attract private investment, government jobs now make up 60 percent of employment, a rate that will be unsustainable as oil prices drop.
Amanda Terkel is Deputy Research Director at the Center for American Progress and serves as Deputy Editor for The Progress Report and ThinkProgress.org at the Center for American Progress.