- DTCare in Lebanon | Employment & Microfinancing -
Employment Opportunities & Microfinancing
Investing in Youth Economic Empowerment
Since the economic crisis in Lebanon began in 2019, the country’s unemployment rate tripled, from 11.4% to 29.6% in 2023. Approximately one-third of the Lebanese workforce is jobless. With the economic decline, there are few to no employment opportunities, forcing youth to travel abroad to search for work. The outflux of younger job seekers is detrimental to strengthening the economy.
DTCare aims to address the unemployment crisis and the outflux of Lebanese talent and expertise through training, job placement, and small-business microfinancing solutions that will help equip youth for the volatile job market and the struggling economy. Investing in youth’s economic empowerment will be a big step toward economic recovery and future development.
In early-2023, approximately one-third of the active labor force in Lebanon is without work.
- The National
Climbing Unemployment Rates
Lebanon is facing an unemployment crisis; its unemployment rate nearly tripled from the onset of the economic crisis in 2019, from 11.4 percent to 29.6 percent in early-2023. Nearly one-third of the active labor force is unemployed, leading to a surge in Lebanese youth leaving the country to seek employment opportunities, further jeopardizing economic growth and stability. The loss of talented and skilled young people leaving Lebanon for better work opportunities has a detrimental effect on the country's long-term development prospects. As employment rates dwindle, the demand for training and job creation is critical to pivot the country towards progress and economic improvement.
Microfinancing & Job Placement
Lebanon has faced significant economic challenges in recent years, including high unemployment rates and a struggling economy. Providing opportunities for young people to work and invest in their home country can help to stimulate economic growth. DTCare is exploring means of bringing young talent and opportunity together to work towards improved economic stability and development. Providing opportunities for young people to build successful careers in their home country, DTCare will tap into the potential of its youth and encourage them to contribute to the growth and development of the country through training, job placement, and microfinancing opportunities, which can ultimately lead to a stronger and more resilient economy. It is vital to create opportunities for Lebanese youth to build up the economy, as this can help to address the economic challenges the population faces and enable young people to contribute to the country's long-term development. This will allow Lebanon to retain its talent and expertise, and build a more prosperous and sustainable future for all its citizens.
