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More than a quarter of young Iraqi men remain jobless, threatening stability.

By Amanda Terkel on February 16, 2009 at 12:30 pm

"More than a quarter of young Iraqi men remain jobless, threatening stability."

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A report released yesterday by the United Nations’s Information Analysis Unit finds that more than “a fourth of Iraq’s young men are out of work, a situation that is likely to worsen and threatens the country’s long-term stability. … Overall, the country’s unemployment rate is 18%, but an additional 10% of the labor force is employed part time and wanting to work more.” In a country still struggling to attract private investment, government jobs now make up 60 percent of employment, a rate that will be unsustainable as oil prices drop.

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