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Iran’s unemployment rate hits 9.5%

Business Materials 28 December 2014 13:46 (UTC +04:00)

Baku, Azerbaijan, Dec. 27

By Umid Niayesh - Trend:

Iran's unemployment rate during the summer (June 21 - Sept. 22) stood at 9.5 percent, according to the latest report from the Iranian Statistical Center, released Dec. 28.

The unemployment rate among Iranians aged over 10 years in the mentioned three-month period was 0.9 percent less than the same period of time in the preceding year.

The figure also indicates a 1.2 percent fall compared to the preceding quarter's unemployment rate (March 21 - June 20).

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

Earlier Iran's Statistical Center put the spring (March 21 - June 20) unemployment rate at 10.7 percent, or 0.1 percent more than the same period of time in the previous year (March 20, 2013-June 20, 2013), and 0.2 percent more compared to the preceding quarter's unemployment rate (Dec. 22 - March 20).

Iran's Tehran province registered the lowest unemployment rate with 5.1 percent in the summer. Meanwhile, the highest unemployment rate was in the North Khorasan Province (16.2 percent).

The country's labor force participation rate has increased by 0.1 percent from 37.1 percent in last spring (March 21 - June 20) to 37.2 percent in the summer (June 21 - Sept. 22), according to the report.

The figure indicates a fall by two percent in comparison with the summer of preceding year.

It should be noted that the participation rate is the percentage of working-age persons in an economy who, are employed or unemployed but looking for a job.
The country's urban and rural unemployment rate in the mentioned period (June 21 - Sept. 22) stood at 10.5 and seven percent, respectively.

About 19 percent of the country's labor force was employed in the agriculture sector, while 33.6 and 47.4 percent were employed in the industry and services sectors, respectively, according to the report.

Unemployment among men and women was also around 7.9 and 18 percent, respectively during the period.

Follow the author on Twitter: @UmidNiayesh

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