Unemployment rate in Iran sees slight increase

Business Materials 10 April 2018 17:31 (UTC +04:00)

Baku, Azerbaijan, April 10

By Gazenfer Hamidov – Trend:

Iran’s unemployment rate has increased, according to a report released by the country’s Statistical Center.

The center said on April 10 that, the unemployment rate among Iranians aged over 10 in winter 2018 was 12.1 percent, 0.2 percent more compared to autumn of 2017.

Meanwhile the rate indicates a fall by 0.4 percent while compared to winter 2017.

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 labor force" in the report.

The country's labor force participation rate stood at 39.7 percent in winter (0.4 percent less than autumn), registering a 0.8 percent increase year-on-year.

The participation rate is the percentage of working-age persons in an economy who are employed or unemployed but looking for a job.

The report indicates that over half of Iran’s labor force or 52.1 percent was employed in the service sector.

Meanwhile about 32.6 percent of the country's labor force was employed in the industry sector and 15.3 percent in the agriculture sector.

The report unveils that about 25.2 percent of Iranians aged 15-29 years were unemployed in the period, 0.2 percent more compared to the preceding season.

However the rate is 0.3 percent less compared to winter 2017.