SCI: Spring Unemployment at 12.2%

According to the latest figures released by the Statistical Center of Iran, the unemployment rate in the first quarter of the current Iranian year (started March 20) showed a 1.4% increase compared with the corresponding period of last year and a 0.4% rise compared with the previous quarter to reach 12.2%. The SCI put Q1 labor force participation rate, i.e. the proportion of the population ages 10 years and above that is economically active, either employed or jobless, at 39.5%. The data also show 10.3% of men and 20.3% of women of ages 10 and above were jobless in spring.  Furthermore, according to SCI, the unemployment rate was 13.7% for urban areas and 8.3% for rural areas. Moreover, an unemployment rate of 24.9% was recorded for the youth between 15 and 29 years.