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Underemployment at 9.9% in Fiscal 2019-20

Underemployment at 9.9% in Fiscal 2019-20
Underemployment at 9.9% in Fiscal 2019-20

Underemployment, the condition in which laborers are employed for less than 44 hours of service per week, stood at 9.9% in Iran in the last fiscal year (March 2019-20), according to the Statistical Center of Iran. About 38% of the country’s employed population worked more than 49 hours per week, SCI reported.
Last year’s total employed population was over 24.27 million, nearly 430,000 more than the year before. 
Employment is defined as persons of working age engaged in any activity to produce goods or provide services for pay or profit, whether at work during the reference period or not at work due to a temporary absence from a job, or to working-time arrangement.
Unemployment rate, the proportion of jobless population of ages 15 and above, stood at 10.7% last year, indicating a 1.5% decline compared with the year before.
Labor force participation rate—the proportion of the population of ages 15 and above that is economically active either employed or looking for job—stood at 44.1%, registering a 0.4% decrease year-on-year. 

 

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