File - Unemployment in Lebanon is highest among those with university degrees. (The Daily Star/Hasan Shaaban)
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Lebanon is currently facing a critical unemployment situation, compounded by political instability both at the regional and national levels, and made worse by the influx of approximately 1.5 million refugees from Syria.At present, the overall unemployment rate in Lebanon stands at 24 percent with youth unemployment exceeding 35 percent. The report also states that micro-startups between zero to four years of activity and with less than four workers generated about 66,000 jobs in Lebanon between 2005 and 2010 .By creating job opportunities at the national level, Lebanon's economy would be considerably enhanced and it would be in a far stronger position to weather any political instability.In this respect, the World Bank report recommends introducing legal and administrative reforms, including policies that favor open markets, safeguard competition, ensure equal opportunities for all entrepreneurs, and, overall, ease the climate for business in the country.In conclusion, we cannot exaggerate the importance of creating remunerative and durable jobs for the youth of Lebanon, who represent the future and hope of this country.
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