Iran’s youth unemployment rate rises

Business Materials 18 November 2015 17:52 (UTC +04:00)

Tehran, Iran, November 18

By Mehdi Sepahvand -- Trend:

A new report says that the unemployment rate among Iranian youth in the summer of 2015 was 3.2 percent higher than of the same period in 2014.

The number, which concerns people between 15 and 29 years of age, was also one percent higher than that registered in spring of 2014, Iran Statistics Center reported November 17.

Accordingly, 10.9 percent of Iran's young people were jobless last summer, with women showing greater unemployment that men, and also urban areas greater than rural areas.

The statistics also show that 8.5 percent of the youth were underemployed, with men showing greater number than women, and rural areas greater number than urban areas.

The service sector was responsible for 48.6 percent of the total employment of the target population, industry following with 32.2 percent, and agriculture with 19.2.

The Statistical Center of Iran reported November 10 that Iranians on average work two hours and forty-six minutes per day.

The Iranian Parliament's Research Center announced on August 28 that by the Iranian year 1400 (2021) under best possible circumstances, that is, an economic growth of five percent, the number of unemployed Iranian people will surpass 4.1 million and unemployment rate will stand at 15.9 percent.

Iran's jobless rate fell to 10.8 percent in spring. The rate was 11.5 percent in winter.