Labor Force Participation Rate at 44.3% in Q3

EghtesadOnline: The Statistical Center of Iran has put labor force participation rate in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019) at 44.3% or 27.33 million people, registering a 0.2% decrease year-on-year.

News ID: ۷۴۹۷۴۵

19 February 2020

Labor force participation rate refers to the proportion of the population of ages 15 and above that is economically active either employed or looking for job, according to Financial Tribune.

Men’s and women’s economic participation rates were 71% and 17.5% respectively in the same period.

SCI reports that 21.93 million men and 5.4 million women of ages 15 and above were economically active in Q3, i.e. they were either employed or looking for a job.

Iran’s unemployment rate stood at 10.6% in Q3, indicating a 1.2% decrease compared with the same period of last year, according to SCI.

A total of 2,892,726 Iranians were unemployed in Q3, the latest SCI report shows.

Men’s unemployment stood at 8.9% while the rate hovered around 17.3% for women. Over 1.95 million men and 936,002 women of ages 15 and above were jobless in Q3.

The unemployment rate was 11.8% for urban areas (2.39 million people) and 7.1% for rural areas (494,277 people).

The services sector employed 50% of the Iranian employed population (12.22 million), 0.1% more than the corresponding period of last year, whereas industrial and agricultural sectors provided 32.9% and 17.1% of the employed population with jobs respectively.

Over 8.03 million were employed in the industrial sector, indicating an increase of 0.1% compared with the year before and 4.19 million worked in agriculture, posting a 0.1% decline YOY.

The services sector employed 9.95 million men and 2.26 million women in the three-month period, over 6.67 million men and 1.35 million women were working in the industrial sector and 3.35 million men and 839,773 women worked in the agriculture sector in Q3.

Services sector accounted for 59.4% or 10.65 million of all jobs in urban areas and 24.1% or 1.57 million of the jobs in rural areas.

The industrial sector made up 34.4% or 6.16 million of the jobs in urban areas and 28.6% or 1.86 million of the employment in rural areas, whereas 6.2% or 1.11 million of the total jobs in urban areas and 47.2% or 3.07 million of the jobs in rural areas were in the agriculture sector.