...

Jobseekers in Azerbaijan to outnumber workplaces in next 8 years – minister

Business Materials 20 December 2017 12:36 (UTC +04:00)
In the next eight years, the number of Azerbaijani citizens annually entering the labor market will exceed the number of workplaces by almost 2.5 times, the country’s Minister of Labor and Social Protection of Population Salim Muslumov said at a conference “Labor Market: Reforms, Challenges and Prospects” in Baku Dec. 20.
Jobseekers in Azerbaijan to outnumber workplaces in next 8 years – minister

Baku, Azerbaijan, Dec. 20

By Anvar Mammadov – Trend:

In the next eight years, the number of Azerbaijani citizens annually entering the labor market will exceed the number of workplaces by almost 2.5 times, the country’s Minister of Labor and Social Protection of Population Salim Muslumov said at a conference “Labor Market: Reforms, Challenges and Prospects” in Baku Dec. 20.

“The total number of Azerbaijani citizens aged 18 years old will be 1.127 million people in 2017-2025,” he said. “That is, 125,200 people will be entering the labor market every year, which is almost 2.5 times higher than the number of jobs created in one year. Considering labor migration and other factors, we can reduce this number to 100,000 people per year. However, this is also a very high indicator challenging us. We must strengthen measures to employ the youth.”

Muslumov noted that for the past 15 years, 1.9 million jobs have already been created in Azerbaijan, and 74 percent, or 1.4 million, of them are permanent jobs.

“In accordance with the Strategic Road Map for the prospects of Azerbaijan’s national economy, we aim to achieve over three percent annual GDP growth and open more than 450,000 new jobs by 2025,” the minister said.

Tags:
Latest

Latest