Iran General NewsIran jobless rate tops 10%

Iran jobless rate tops 10%

-

ImageAFP: More than one in 10 people in Iran's workforce are now without jobs, Labour Minister Mohammad Jahromi said in comments published on Thursday.

ImageTEHRAN (AFP) — More than one in 10 people in Iran's workforce are now without jobs, Labour Minister Mohammad Jahromi said in comments published on Thursday.

"Unemployment has gone from 9.6 percent in the spring to 10.2 percent in the summer," Jahromi said in the Sarmayeh economic newspaper.

Jahromi said that 15.6 percent of those without work were university graduates, but gave no further details.

In March, the labour minister hailed what he said was a continuing fall in unemployment from 11.3 percent in the Iranian year from March 2006-7, to 10.6 percent in 2007-8.

Mohammad Madad, the head of Iran's statistics centre, said in May that more than a quarter of young Iranians were unemployed and that the overall jobless rate for the entire active population was 11.9 percent.

Unofficial estimates place unemployment at around three million people.

Half of Iran's 70 million population is under 30 and the legal working age is 15.

The deputy head of the statistics centre, Alireza Zahedian, told the government newspaper Iran that he expected the active population to increase from 24 million to 39 million within six years.

According to the centre, more than one million jobs should be created each year in order to keep unemployment at current levels.

In recent months the government of President Mahmoud Ahmadinejad has stressed that its policy of providing small businesses with subsidies and low-interest loans had helped keep unemployment under 10 percent.

Latest news

Iran’s Negative Economic Growth: From Statistical Manipulation to the Collapse of Investment

When the gap between official figures and reality becomes too wide, the economic crisis is no longer confined to...

Iraq Sets September 30 as Deadline for Disarmament of Iranian Regime-Backed Militia Groups

Iraqi government spokesperson Haider al-Aboudi announced on Monday, June 29, that the government has given Shiite armed groups backed...

Escalating Iran-US Conflict Cuts Strait of Hormuz Traffic, Lifts Oil Prices

Oil Prices Rise and Ship Traffic Through the Strait of Hormuz Declines Following Tensions Between Iran and the United...

The ‘No To Executions Tuesdays’ campaign has entered its 127th week

The campaign “No to Executions Tuesdays,” a prisoner-led protest against executions held across multiple prisons in Iran, entered its...

Sixty-two Members of the Iranian Regime’s Assembly of Experts Call for Keeping the Strait of Hormuz Closed

As signs of divisions and rivalry at the highest levels of the Iranian regime have become increasingly apparent, 62...

Workers and Retirees in Iran Once Again Protest Over Living Conditions

Retirees and workers held protest gatherings and marches in several cities across Iran on Sunday, June 28, once again...

Must read

Iran’s underground rap artists take to wearing symbol of Islamic revolution

The Guardian: For nearly 30 years its distinctive chequered...

Iran seeks to resolve HSBC freeze on some trade financing – sources

Reuters: Iran is lobbying to get HSBC to process...

You might also likeRELATED
Recommended to you