American University of Science and Technology
Faculty of Business and Economics
Graduate Program (MBA)
ECO 500- Managerial Economics
Unemployment in Lebanon
Case Study 2015
Instructor’s name: Dr. Hamdar
Student’s name: Ola Al Zein
Unemployment in Lebanon
Table of Contents
1.0 Abstract 2.0 Introduction
2.1 Study area
2.3 Problem Statement
4.4Small Case Study and analysis of the methodology part
8.0 ...view middle of the document...
Lebanon is currently facing a lethal unemployment dilemma, added to the top of political instability and the presence of nearly 1.5 million refugees from Syria.
Today, and according to the International Labor Organization, “the overall unemployment rate in Lebanon stands at 24 percent with youth unemployment exceeding 35 percent. The traditional external markets for the Lebanese work force, whether in the Gulf countries or in European or African countries, have considerably decreased their demand and apply with tougher regulations that further limit employment possibilities. As a result, the outlets that have historically eased Lebanese unemployment are getting increasingly blocked.”
The further facts will certainly show that the situation of unemployment in Lebanon is very dramatic, which reflects negatively on the economics, social and security systems. This releases a call for the need of new jobs creation, knowing that Lebanon has a range of talented human resources who are competent and easily camouflaged within any situation.
But, in order to create new jobs, this has to start from the educational system and the curricula in schools and universities which will be a guiding point for students towards the future needs of the labor market in Lebanon. Moreover, there shall be proper training in the public and private sectors in order to make sure that the workforce are suitable for filling their positions as the market demands.
For all of this to be done, there should be a close study to the market needs and the changing needs of the workforce. Perhaps a national labor market survey would help as an indicator for the present and future demand and supply in the labor market. This was confirmed by a recent World Bank report, “Jobs or Privileges: Unleashing the Employment Potential of the Middle East and North Africa (2014)”.
More investment should be done in the information technology field and in the speeding up of the oil and gas exploration process which will create very huge job opportunities in Lebanon. And here, of course, government and parliament should take a serious action.
If these processes take place, and job opportunities were created, Lebanon’s economy would be greatly enhanced and refreshed, and the unemployment rate would fall dramatically.
Last but not least, we should never underestimate the dilemma of the growing numbers of Syrian refugees who are coming to Lebanon every day, and that is, in 2015, half of the Lebanese unemployment problem. In the next parts, facts and statistics will be shown to prove the effect of this phenomenon on the Lebanese unemployment rate.
These statistics below were done by the Civil Campaign for Electoral Reform.
Here are some of the facts related to unemployment in Lebanon:
“Around 30% of university graduates in Lebanon are unemployed.
77% of Lebanese immigrants are aged 35 years or below.
More than 50% of Lebanese...