SCI on Q2 Youth Unemployment

EghtesadOnline: The Statistical Center of Iran provides two figures for the youth unemployment rate: for the age-group of 15-24 years and those between 18 and 35 years.

News ID: ۷۵۱۳۴۰

27 October 2020

According to the center's latest report, the youth unemployment rate for the former stood at 23.1% in the second quarter of the current fiscal year (June 21-Sept. 21), posting a 3% decline while the rate for the latter stood at 16.9%, posting a year-on-year decline of 1%.

The overall Q2 unemployment rate in Iran, the proportion of jobless population of ages 15 and above, stood at 9.5%, SCI reported.

A total of 2,477,350 Iranians were unemployed in Q2. Men’s unemployment rate stood at 8.1%, while the rate for women hovered around 16.5%. Over 1.75 million men and 725,433 women of ages 15 and above were jobless in Q2.

The unemployment rate was 10.6% for urban areas (2.06 million people) and 6.3% for rural areas (412,578 people).

SCI put Q2 labor force participation rate—the proportion of the population of ages 15 and above that is economically active either employed or looking for a job—at 41.8% or 26.01 million people, registering a 3.1% decrease year-on-year.

Men’s and women’s economic participation rates were 69.5% and 14.1% respectively in the same period.

A total of 21.62 million men and 4.39 million women of ages 15 and above were economically active in Q2, i.e., they were either employed or looking for a job.