The Critical Role of Women in Reducing Global Unemployment Rates

JYOTI PORTAL

Based on recent data from organizations such as the International Labour Organization (ILO) and the World Bank, the global unemployment rate for women in 2023 persisted at 6.2%, exceeding the 5.8% rate for men. This disparity underscores the ongoing challenges faced by educated women in securing meaningful employment, despite their qualifications. Women’s unemployment not only impacts individual circumstances but also hampers productivity, household incomes, and overall economic growth. Research indicates that the underutilization of educated women’s skills leads to missed opportunities for economic development and constitutes a squandered investment in human capital. Addressing these challenges necessitates collective action to encourage women to upskill and enhance their employability.

Companies, governments, and NGOs must provide support through initiatives such as flexible work arrangements, including hybrid systems, and access to daycare facilities to facilitate women’s participation in the workforce. At MetierHunt, we are dedicated towards empowering women to successfully re-enter the workforce. Our initiatives eliminate gender-based barriers to employment and champion workplace equality. Aligned with the UN Women’s theme of “Invest in Women: Accelerate Progress,” we strive to leverage the talents of educated women to drive prosperity for all. As a career counselor, I advocate for policies that enable women to fulfill their potential, catalyzing positive change on individual and societal levels. Let us remember that empowering women isn’t just morally right; it’s strategically astute. When women thrive, societies flourish, and progress surges. Together, let’s forge a brighter future by unlocking the full potential of educated women in the workforce.

Quote: There is no force more powerful than a woman determined to rise.

Views expressed by Jyoti Doraiswamy, Seasoned Career Counselor and Overseas Education Consultant, Founder MetierHunt, Career Counseling and Guidance

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