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Many graduates abandon jobs for a long time. [4] There is also a shortage of labor market for unemployed individual in Ethiopia for a long time. Nonetheless, Ethiopia has increasing employability as higher education institution expanded for this purpose. The unemployment rate was 2.79%, a 0.75 increase from 2019.
UK unemployment surged to a two-year high of 4.4%, with job vacancies dropping by 12,000 to 904,000 in 2024. Despite the weakening job market, wage growth remained strong at 6%, outpacing inflation with a 2.9% real-terms increase.
Official figures also revealed wages continuing to lag behind rocketing inflation despite the biggest hike in earnings for more than 20 years.
The job market is in a much worse state than the headline unemployment rate suggests, with a record fall in hours worked and a record rises in inactivity. UK jobs market in much worse state than ...
Ethiopia's economy is ranked 159th place out of 190 countries in 'Ease of doing business'. [35] Ethiopia is also a part of African Continental Free Trade Area, Common Market for Eastern and Southern Africa, Intergovernmental Authority on Development, and the G24, and has observer status at the World Trade Organization.
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Currently, Ethiopia has an embassy in London and United Kingdom has an embassy in Addis Ababa. Historically, their relations traced over centuries covered a range of areas including, but not limited to, trade, culture, education and development cooperation. The UK is the first country to open its embassy in Addis Ababa.