Untangling unemployment chain in Uganda | MorningAtNTV

According to World Bank findings, the unemployment rate in Uganda remained unchanged at 2.90 percent in 2023 from 2.90 percent in 2022. Unemployment Rate in Uganda averaged 3.16 percent from 1991 until 2023, reaching an all-time high of 3.80 percent in 2020 and a record low of 1.90% in 2005. Over the last decade, there has been rapid growth in the Ugandan labor force. More than a million young people are entering the job market each year in the country. But this has not been met with a commensurate increase in the number of formal jobs available. Although Ugandan youth are commonly regarded as highly entrepreneurial and Uganda indeed hosts the greatest number of young entrepreneurs on the continent in reality, most youth-run businesses are small-scale and informal, with little employment-generating effect and a very high discontinuation rate, we traverse the employment dynamics in uganda and law, Grace Nayiga - Executive Director, UGANET joins us on this discussion #NTVNews #NTVTonight #NTVWeekendEdition Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Connect with us on Messenger via m.me/NTVUganda