Iran says to create over 1.1 million jobs by March 2013

Business Materials 8 September 2012 11:28

Azerbaijan, Baku, Sep.8/ Trend F.Milad/

Iranian Cooperatives, Labor, and Social Welfare Minister Abdolreza Sheikholeslami has said that 1.115 million new jobs will be created in the current calendar year, which ends on March 20, 2013.

The unemployment rate is planned to be cut to seven percent by the end of the fifth socio-economic development plan (March 2016), he added, the IRNA news agency reported.

To this end, 5.5 million new jobs should be created, he noted.

Iran's High Council of Employment has approved allocating of 45 trillion rials (some $37 billion) to job creation plans in the current calendar year, deputy cooperatives, labor, and social welfare minister said on July 24.

The unemployment rate in Iran stood at 12.3 percent in the past calendar year, showing 1.2 percent fall compared to its preceding year, the Statistical Center of Iran said.