Jordan’s Unemployment Rate Rises to 18.6%

FILE PHOTO: A view of a street in Amman, Jordan, October 25, 2017. REUTERS/Mohammed Hamed/File Photo
FILE PHOTO: A view of a street in Amman, Jordan, October 25, 2017. REUTERS/Mohammed Hamed/File Photo
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Jordan’s Unemployment Rate Rises to 18.6%

FILE PHOTO: A view of a street in Amman, Jordan, October 25, 2017. REUTERS/Mohammed Hamed/File Photo
FILE PHOTO: A view of a street in Amman, Jordan, October 25, 2017. REUTERS/Mohammed Hamed/File Photo

The unemployment rate in Jordan for the third quarter of this year has reached 18.6 percent, with an increase of 0.1 percent compared to the same period of 2017, according to a report issued by the Jordanian Statistics Department.
 
The report released on Sunday noted that the unemployment rate among men was 16.3 percent, compared to 27.1 percent among women during the period of the study. This indicates that unemployment among men increased by 0.9 percentage points, while it decline among women by 2.8 percentage points, compared to the third quarter of 2017.

The report also said that unemployment was high among holders of bachelor’s or higher degrees in comparison with other educational levels.

The results indicated that 58.2 percent of unemployed people hold a secondary education certificate or a higher degree.

Among males, who hold an undergraduate degree or higher, the rate of unemployment reached 28.1 percent, while among females it stood at 80.1 percent.

The age group which recorded the highest rate of unemployment was 15-19 years, with a rate of 46.9 percent, followed by 20-24 years, for which the rate stood at 37.7 percent, according to the Jordanian Statistics Department.
 
At the geographic level, Madaba topped Jordan’s governorates in unemployment with a rate of 24.9 percent, while Karak recorded the lowest rate of 13.3 percent.



Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova
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Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova

The global oil market is balanced thanks to the actions of OPEC+ countries and compliance with its quotas, Russian Deputy Prime Minister Alexander Novak said on Friday following a Russia-OPEC meeting.
OPEC+ countries, which are pumping around half the world's oil, are taking all necessary decisions to maintain market stability, Novak also said after meeting OPEC Secretary General Haitham Al Ghais in Moscow.
"Today, while discussing the situation and forecasts, we assess the current market as balanced. That's thanks primarily to the actions of OPEC+ countries and coordinated actions to comply with the quotas, voluntary commitments of OPEC+ count," Novak said.
The meeting comes as OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, prepares to meet on Dec.1.