Iran Jobless Rate Drops to 8.9% – Economy news

It means Iran’s unemployment rate has dropped to its lowest point in the past 25 years mainly because the country’s economically active population has shrunk because of the spread of the coronavirus pandemic.The SCI said the figure was the lowest on record for Iran’s labor market since 1996 although it insisted that lower jobless rate did not necessarily mean that Iran had created more jobs…

It means Iran’s unemployment rate has dropped to its lowest point in the past 25 years mainly because the country’s economically active population has shrunk because of the spread of the coronavirus pandemic.

The SCI said the figure was the lowest on record for Iran’s labor market since 1996 although it insisted that lower jobless rate did not necessarily mean that Iran had created more jobs over the past year.

“This declining trend does not mean more employment but it is due to the spread of the coronavirus disease which has caused many young adults to leave the labor market after failing to find a proper job,” and said the report.

“We are witnessing a reduction in active population and as a result the jobless rate has been declining,” it added, according to Press TV.

SCI calculations showed that Iran’s economically inactive population of above 15-year-olds had increased to reach over 37.3 million people.

The agency said that jobs had increased by 122,000 over the…

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