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IMF: Iran has 16th highest unemployment rate

Business Materials 7 September 2014 12:59 (UTC +04:00)

Baku, Azerbaijan, Sept.7

By Fatih Karimov - Trend: The International Monetary Fund said that Iran has 16th highest unemployment rate in the world.

IMF reported that the country's unemployment rate will rise from 12.93 percent in 2013,to 14.01 percent in 2014, Iran's Tasnim news agency reported on September 7.

Iran's unemployment rate will hit 14.65 percent in 2015, according to IMF.

Iran had 21st highest unemployment rate in 2013, IMF said.

Iran's unemployment rate during the first quarter of the country's current fiscal year (March 21 - June 20) stood at 10.7 percent, according to the latest report of the country's Statistical Center, released on July 21.

The unemployment rate among Iranians above 10 years old in the mentioned three-month period was 0.1 percent more than the same period of time in the preceding year. The figure also indicates a 0.2 percent increase compared to the preceding quarter's unemployment rate (Dec. 22 - March 20).

While about 2.4 million of Iranians above 10 years old were jobless in the mentioned three-month period (ended on March 20), the figure reached 2.53 million by June 20.

All Iranians above 10 years old who worked at least one hour a week, or temporary have left their work during the survey week were included as employed labour force in the report.

The report said that the one hour work a week cites on International Labour Organization (ILO) standards.

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