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Iran’s jobless rate hits 10.4 percent in summer

Business Materials 3 November 2013 11:27 (UTC +04:00)

Azerbaijan, Baku, Nov.3/ Trend F.Karimov/

The unemployment rate in Iran hit 10.4 percent in summer, a 0.2 percent decline compared to spring, ISNA reported, citing data released by the Statistical Center of Iran.

Over 2.563 million Iranian people of 10 years old and older have been unemployed in summer. The jobless rate has been higher among women and in urban areas.

Moreover, 21.1 percent of the youth of 15-29 years old have been unemployed in summer.

Iran's unemployment has turned into a crisis, the head of Statistical Centre of Iran Adel Azar said on October 25.

Over 542,000 job opportunities were created in Iran during the past eight years, according to the Statistical Centre of Iran.

Iran's unemployment rate stood at 12.2 percent in the previous calendar year (which ended on March 20), IRNA reported.

In August, the Mehr News Agency quoted Iranian Finance and Economic Affairs Minister Ali Tayyebnia as saying that Iran will face a population of around 8.5 million jobless in the near future.

For the time being, some 3.5 people are jobless in the country, he said, adding that the figure will soar to 8.5 million, because a large number of educated youth will graduate from universities soon and will seek jobs.

Previously, Tayyebnia said that low economic growth rate is currently the main challenge in the national economy.

Tayyebnia referred to high unemployment as another serious concern.

The ministry will focus on improving the living standards through curbing inflation and flourishing businesses, he stated.

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