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RE: Unemployment speaks for itself about the condition of a country
It is a worrying issue, because as you say, it can degenerate into a vicious circle that tends to make the whole situation worse.
I was looking at a couple of information sites on the subject, and I noticed that although Colombia has a percentage that worries me, the situation can still be considered not as bad as in other countries on the lists:
- https://data.worldbank.org/indicator/SL.UEM.TOTL.ZS
- https://en.wikipedia.org/wiki/List_of_countries_by_unemployment_rate
Although this issue should always be of concern, even if the percentage estimate seems low.
In fact, if we compare Colombia with other countries, such as the Republic of the Congo, we surely realize that it is not bad at all, but even so, it is still a fairly high level. Thanks for sharing those links, I see that they correspond to the data recently updated in Colombia.
You're welcome!