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Economists Explain Decline in 4th Quarter Unemployment Rate

The decline took place despite the pressure of Covid-19 pandemic and US sanctions on Iran’s economy
Economists Explain Decline in 4th Quarter Unemployment Rate
Economists Explain Decline in 4th Quarter Unemployment Rate

Iran's unemployment rate in the fourth quarter of last Iranian year (ended March 20, 2021) stood at 9.7%, registering a 0.9% decline compared with the corresponding period of the year before, according to the latest data released by the Statistical Center of Iran. 
The decline took place despite the pressure of Covid-19 pandemic and US sanctions on Iran’s economy. 
“At first glance, it seems like the decline indicates an improvement in the labor market, but does it really mean an increase in employment and that the labor market condition is getting better?” Sahand Faez and Abbas Khandan, two economists, take a closer look at these stats in articles published in the Persian economic daily Donya-e-Eqtesad and prove the opposite.

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