While employment reports are not their highest in North Africa or the Middle East, government officials from both regions have placed a great deal of emphasis on job creation for the next quarter. Economists from Europe, however, believe the area will continue to see improved job and production growth as the year wears on.
North African countries have posted static employment reports, but nations continue to adopt initiatives to improve their numbers. Algiers recently invested 100,000 euros in a fund to help young entrepreneurs in the country. According to Reuters, the fund has been essential in helping more than 300,000 of the nation's youth to find employment since its inception in 2008.
The International Monetary Fund recently reported that the Middle East would need to adopt a number of new policies to tackle job creation. Masood Ahmed, the IMF Middle East department director, explained at a press conference that while the economy may strengthen in the coming months, policymakers would still need to shift their focus to job creation among citizens.
European nations, however, have seen impressive economic growth throughout the first quarter of 2014. According to The Huffington Post, the region is expected to see GDP growth of 1.5 per cent throughout the remainder of the year. Additionally, the source predicted that unemployment would drop 0.5 points down to 10.4 per cent by 2015.