Introduction
Unemployment has been noted as one of the economic issues facing Jordan today. According to a market report compiled in May 2019, the unemployment rate in Jordan has increased to 19.20% when compared to 13.65% in the last quarter of 2018 (Fallah, Krafft, & Wahba, 2019). That serves as a clear indication that, indeed, this ought to be considered as a severe problem that is affecting the economic positioning of Jordan. As part of dealing with the issue of unemployment, this report will seek to evaluate three critical solutions. These solutions are creating a platform where more people would try to establish their jobs, creating programs that would help student graduates find relevant employment opportunities, and encouraging and assisting Jordanians in seeking employment in other countries. The solutions will be of great value towards minimizing the effects that the country is facing as a result of the increasing unemployment rates moving into the future.
Solutions to Unemployment in Jordan
The first solution to dealing with the issue of unemployment in Jordan reflects on the need for the Jordanian government to create a conducive economic environment through which many more people would seek to establish their jobs. Self-employment is one of the viable approaches towards reducing unemployment rates, as it works towards ensuring that a significant number of people are economic engaged (Shirazi, 2019). However, this can only be achieved if the Jordanian government would seek to create a lenient economic structure that encourages the youths towards self-employment. In other words, this means that self-employment will be considered as a much more viable option for the youths when compared to them having to seek employment, especially within the corporate world.
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The second solution to the problem of unemployment in Jordan is for the government to establish programs that would help student graduates in their transition from school to work environments. The Jordanian government needs to come up with an education and training program within which student graduates will be accorded the relevant work exposure and experience that they would need in their bid to move into the labor market (Al-Manaseer & Al-Qudah, 2018). The creation of the program may be much more viable if the government would engage with the private companies operating in the country. The impact that is expected of the program is that it will help in encouraging companies to be high more personnel, considering that they are equipped for the work environment. Additionally, this will also serve as a guarantee that foreign companies will also show interest in the labor market within Jordan; thus, helping to minimize the unemployed population significantly.
Lastly, the Jordanian government may create a program that not only encourages Jordanians to seek employment in other countries but would also help them in the process of finding and vetting the companies seeking recruits from Jordan. By working in other countries, Jordanians will be in a better position to gain relevant skills and experience that would bring back to help boost the country’s economy (Al Amarat, 2016). In that view, the development of this program is not only expected to help those that would be going to other countries but would also have a direct impact on the local economy. The establishment of this program is much more likely to improve on overall capacities for the government to equip the youths with the skills that they would need in their quest to start their businesses.
Counterargument
One of the essential counterarguments that would be presented concerning the solutions indicated is that the Jordanian government finds itself at a disadvantage due to the political instabilities being experienced in the Middle East. The uncertainties have created a significant challenge for the Jordanian government in its bid towards creating the relevant economic stimulus programs to help boost its commercial positioning. The fact that the Jordanian government may seek to develop appropriate economic structures to attract investors, the main challenge is that a majority of investors consider the political risks that they are likely to encounter (Al Amarat, 2016). Another critical aspect to note is that Jordan faces a significant challenge due to a lack of funds that would allow it to create the programs that have been indicated for the unemployed population. In that view, what is clear is that the Jordanian government is much more likely to fail in its approach towards establishing critical programs that would be directed towards dealing with the unemployment issue.
Conclusion
Jordan faces a significant challenge in its bid to dealing with the issue of unemployment, which currently stands at 19.20% as of May 2019, which is an increase from 13.65% recorded in the last quarter of 2018. Some of the proposed solutions to dealing with this problem include creating a platform where more people would seek to establish their jobs, creating programs that would help student graduates find relevant employment opportunities, and encouraging and assisting Jordanians in seeking employment in other countries. However, it is essential for the Jordanian government to take into consideration the political instabilities being experienced in the Middle East, which are likely to impact the country's ability to attract the expected number of investors.
References
Al Amarat, M. H. E. (2016). The Impact of Direct Foreign Investment on Unemployment in Jordan. Modern Economy , 7 (06), 737.
Al-Manaseer, D. S., & Al-Qudah, A. M. (2018). The Impact of Higher Education Output on Unemployment Rates in Jordan. International Journal of Academic Research in Accounting, Finance and Management Sciences , 8 (2), 65-72.
Fallah, B., Krafft, C., & Wahba, J. (2019). The impact of refugees on employment and wages in Jordan. Journal of Development Economics , 139 , 203-216.
Shirazi, R. (2019). Being late, going with the flow, always doing more: the cruel optimism of higher education in Jordan. International Journal of Qualitative Studies in Education , 1-18.
