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Unemployment rate high among Iranian university graduates

Business Materials 11 April 2014 13:35 (UTC +04:00)

Baku, Azerbaijan, Apr.11

By Fatih Karimov - Trend:

High unemployment rate among Iranian university graduates is a main concern for the Iranian administration.

Minister of labor and social affairs of Iran, Ali Rabiei, said the administration plans to curb the high jobless rate, Iran's Mehr news agency reported on April 11.

Rabiei added that although each Iranian employee one receives ten million rials (about $390) as average monthly salary, however if the inflation rate goes higher, creating more jobs will not be economically justified.

According to the latest reports of the Statistical Center of Iran, some 2.5 million people are jobless in the country, and around 1.4 million of them are university graduates.

The Statistical Center of Iran reported on January 5 that the country's unemployment rate stood at 10.3 percent in the third quarter of the current calendar year, which started on March 21.

The figure shows 0.1 percent decrease compared to the same period of time the previous year. The report put the country's jobless population during the three-month period at over 2.4 million.

The country's unemployment rate in urban and rural areas stood at 11.7 and 6.9 percent, respectively, in the mentioned period.

Iranian President Hassan Rouhani said in December that job creation is the most significant issue in the future of the country's economy, while the combination of inflation and stagnation is now the most important problem.

"Tackling high inflation and unemployment are government's top priorities," Rouhani said before presenting the Iranian parliament (Majlis) with his government's first budget plan.

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