Iran to direct $140 billion at labor market

Business Materials 26 May 2011 13:45 (UTC +04:00)

Azerbaijan , Baku, May 26 /Trend/

Iranian government plans to direct $140 billion at labor market during this solar year (starts on March 20, 2011) to create more jobs, Mehr News Agency reported quoting Iranian Vice President in charge of parliamentary affairs Mohammad Reza Mirtajodini as saying.

Improving the employment is in government's top agenda and it plans to increase employment rate by 50 percent in this solar year, he said.

Iranian government created 1.6 million jobs last solar year, alongside this year $35 million budget estimated for construction projects, the government plans to use $30 million from national development fund and offer $40 million bank loan to improve employment, he noted.

Iranian President Mahmoud Ahmadinejad promised to create 2.5 million jobs and solve the unemployment problems by the end of solar year.

Iran includes those working even an hour a week into the list of employed people. According to international standards, employed person should have minimum 48 work hours a week.