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Several African States are Making Strides in Curbing Unemployment 

According to the World Bank, a 1% increase in employment can lead to a 0.5% boost in household consumption. This increased spending creates a ripple effect, leading to higher demand for goods and services from businesses. To meet this demand, businesses often expand their operations, hire more employees, and invest in growth. Notably, some African countries have consistently maintained impressively low unemployment rates despite facing other economic challenges. As of 2024, Statista reports that Niger has the lowest unemployment rate in Africa, at 0.49%. Burundi has the second lowest unemployment rate in Africa, at 0.98%. Chad has the third lowest unemployment rate in Africa, at 1.28% down from 1.65% in 2020,  with the total labour force forecasted to be 5.98m in 2024. Benin currently has an unemployment rate of 1.58% making it the fourth lowest on the continent. Madagascar has the fifth lowest unemployment rate in Africa, at 2.07%, a remarkable improvement from 2015, when the unemployment rate was 3.48%.
 

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