TEXT OF STORY
MARK AUSTIN THOMAS: African officials meet in Addis Ababa this week. One item on the agenda is a new report which looks at the continent’s problem of severe unemployment. Alisa Roth has the story.
ALISA ROTH: More than 10 percent of Africans are unemployed. For young workers, the situation’s even worse: 20 percent of those under 25 don’t have a job.
Princeton Lyman of the Council on Foreign Relations says Africa needs to get more involved in the global economy.
PRINCETON LYMAN: That means building up their trade capacity, improving the education levels and improving the infrastructure.
But unemployment isn’t just an economic concern. The Eurasia Group’s Philippe de Pontet says it’s a security issue as well.
PHILIPPE DE PONTET: A very high percentage of youthful males who don’t have productive employment and very few prospects of such employment, that’s gonna build up a lot of frustration. That’s gonna, in some cases, that will lead to social strife.
The report recommends African countries need to build up economic sectors with more employment opportunities — areas like manufacturing and service industries.
In New York, I’m Alisa Roth for Marketplace.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Give today and get our limited edition tote.