Iran's Graduate Unemployment at 17.4% in Q3

EghtesadOnline: Unemployment rate for university graduates stood at 17.4% in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019) to register a 1.2% decrease compared with the corresponding period of last year, the Statistical Center of Iran's latest report on Iran's labor market shows.

News ID: ۷۴۹۷۸۰

01 March 2020

Higher education unemployment rate for men stood at 13.7% and that of women was around 27.3%, according to Financial Tribune.

The share of graduate unemployment from the total unemployed population was measured to be 43.3% in Q3, which indicates an increase of 2.6% year-on-year.

The unemployment shares of male and female graduates from the total unemployed population stood at 31.2% and 68.7%, respectively while the share of higher education unemployment from the total unemployed population were 46.3% in urban areas and 28.9% in rural areas during the period under review.

Also referred to as educated unemployment, graduate unemployment is unemployment among people with an academic degree.

Iran’s overall unemployment rate, the proportion of jobless population of ages 15 years and above, stood at 10.6% in autumn, indicating a 1.2% decrease compared with the same period of last year.

A total of 2,892,726 Iranians were unemployed in Q3.

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

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 consists of wholesale and retail trade; restaurants and hotels; transport, storage and communications; financing, insurance, real estate and business services; as well as community, social, education, health and personal services.

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.