The World Bank’s latest report reveals that unemployment among Bangladesh’s tertiary-educated youth surged from 9.7% in 2013 to 27.8% in 2022, as many struggle to find jobs that match their qualifications. Additionally, around 12 lakh people may fall into extreme poverty this year due to job losses and wage cuts. Women face higher unemployment, and entrepreneurs struggle with limited resources and financing. The report highlights the need for better policies to boost private sector job creation, foreign investment, and skills development to address growing challenges in the labor market.
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