830,000 Expected to Enter Labor Market
Economy, Business And Markets

830,000 Expected to Enter Labor Market

Some 830,000 people are expected to enter Iran’s labor market in the next fiscal year (March 2018-19), 70% of whom will be university graduates, Government Spokesman Mohammad Baqer Nobakht said on Sunday. According to Chairman of Majlis Planning and Budget Commission Gholamreza Tajgardoun, there are nearly six million unemployed university graduates in the country and the government has proposed the allocation of 600 trillion rials ($13.95 billion) for job creation in the budget bill, Mehr News Agency reported. More than 20.65 million people were employed in Iran during the last fiscal year (March 2016-17), 83.8% of whom were men and 16.2% were women, the Statistical Center of Iran announced. SCI data also show 21.6% of the employed men and 48% of the employed women had academic education. Close to 7 million people were active in the gray market, of whom nearly 1.5 million were women. Iran’s unemployment rate stood at 12.4% last year, registering a 1.4% rise compared with the year before.

Short URL : https://goo.gl/JtcXqS
  1. https://goo.gl/RuWi3R
  • https://goo.gl/vxKXeB
  • https://goo.gl/AMvku8
  • https://goo.gl/SzKPVE
  • https://goo.gl/LA5oai

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...

Add new comment

Read our comment policy before posting your viewpoints