According to the World Bank, the global labour force has grown by nearly 200 million people in the past five years. Many of these workers are young adults younger than 35 years in age. In 2016, millennials in the U.S. surpassed Generation Xers to become the group with the largest labour force share.
The 2020 Best Countries to Start a Career ranking draws from a global perception-based survey, and countries are ranked based on scores from a compilation of seven equally weighted country attributes: a good job market, economically stable, entrepreneurial, income equality, innovative, is a place I would live and progressive. More than 8,500 adults under age 35 filled out surveys for the 2019 Best Countries rankings.
Here Are Best Countries To Start a Career 2020
Due to the rising demand for skilled labour workers and the lowering of the unemployment rate, there are opportunities for young professionals to start a career in France. According to Reuters, some of the country’s most demanding industries include construction, engineering, and information technology. A study about millennial careers discovered that 50%-59% of millennials in France were confident about their career prospects.
4.United Arab Emirates
Skilled workers are in high demand in the United Arab Emirates, where there is a significant local talent shortage. High wages coupled with low costs of living, have historically attracted professionals to the oil-rich country. A study from the World Economic Forum found that only one in 10 local respondents saw unemployment as a serious issue in the UAE.
Spain moved up five positions from 2019 to claim the No. 3 spots in this ranking. Although the Latin country’s unemployment rate is exceptionally high, the rate decreased to 14.2% in 2018, and it is forecast to fall to 12.2% by 2020, according to the International Trade Administration. Spain has a booming tourism industry and is the world’s second-largest tourist destination. The country accommodated 82.8 million foreign visitors in 2018.
Poland’s economy is the largest in Central Europe and was the only economy in Europe to avoid a 2008-2009 global economic downturn. The agricultural and mining sectors dominate the country’s free-market economy.
Poland’s “low unemployment rate and strong wage growth are still driving private consumption; investments, both public and private, are growing too,” says Carlos Piñerúa, World Bank Country Manager for Poland and the Baltic States.
Russia moved up three positions from 2019 to claim the No. 1 spot in this ranking. According to data from the Organization for Economic Cooperation and Development, more than half of individuals in Russia between the ages of 25 and 34 have completed a tertiary degree, making for a competitive job market.
Though historically closed to international business, Moscow is making a name for itself as a startup hub. The Skolkovo Innovation Center is home to hundreds of startups and offers up to $10 million in grants.
Source: | U.S. News & World Report