Cambodia has the lowest unemployment rates of the world but...

[geovalin]

Global Unemployment on the Rise: ILO

Khmer Times/Jonathan Cox

Wednesday, 20 January 2016

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The number of unemployed people worldwide is expected to rise by about 2.3 million next year, reaching a total of 199.4 million jobless, according to a new study. By 2020, more than 40 percent of the working-age population could be out of work.

Cambodia has the lowest unemployment rates of any of the countries studied for the International Labor Organization survey, with just 0.55 percent of the working-age population unemployed. But the country also has one of the highest proportions of people working vulnerable, low-paying jobs.

Workers in vulnerable employment are usually self-employed and have “precarious” work situations, according to the study. Workers in vulnerable jobs have little access to social protection such as healthcare, and are often below the poverty threshold. In Cambodia, more than 60 percent of workers are at risk of vulnerable employment – one of the highest rates in Southeast Asia.

read more: http://www.khmertimeskh.com/news/20306/global-unemployment-on-the-rise--ilo/

[bikerbri]

Thats because they all work in Thailand.

[Tomtomtom69]

Oh come on, just 0.55% unemployed? What methodology did they use to come up with such bogus statistics? Even someone who works on a construction site or drives some tourist around for an hour a week is considered to be "employed" yet all of us who've been to Cambodia know very well that quite a substantial number of Cambodians don't work. Maybe they aren't counted because they aren't "actively" looking for work?

The large number of Cambodians working in Thailand and to a lesser extent Vietnam is also a clear indication something is wrong in Cambodia. Of course, they earn more working in these two countries than back home but one of the primary reasons for seeking work elsewhere is because there are no jobs back home.

[khunPer]

Oh come on, just 0.55% unemployed? What methodology did they use to come up with such bogus statistics? Even someone who works on a construction site or drives some tourist around for an hour a week is considered to be "employed" yet all of us who've been to Cambodia know very well that quite a substantial number of Cambodians don't work. Maybe they aren't counted because they aren't "actively" looking for work?

The large number of Cambodians working in Thailand and to a lesser extent Vietnam is also a clear indication something is wrong in Cambodia. Of course, they earn more working in these two countries than back home but one of the primary reasons for seeking work elsewhere is because there are no jobs back home.

»Oh come on, just 0.55% unemployed? What methodology did they use to come up with such bogus statistics?«

Presumably same "methodology" as used to figure 199.4 million jobless worldwide, out of 7 billion. World Bank says that working age population is 53.8% (2010), number is decreasing so let's say 50% - so 200 million jobless out of 3,500 million, equals 5.71%.

Nearly 6% jobless in the World, does that sound correct..?

Is "jobless" same as "unemployed"..?