Iran Q3 Unemployment Rate at 11.9%
EghtesadOnline: Iran’s unemployment rate in the third quarter of the current fiscal year (Sept. 23-Dec. 21, 2017) stood at 11.9%, registering a 0.4% drop compared with the same period of last year and a 0.2% increase compared with the previous quarter, the latest report by the Statistical Center of Iran shows.
Youth unemployment rate, i.e. the proportion of the population between the ages of 15 and 29, stood at 25% in Q3, posting a 1.4% decrease compared with last year’s corresponding period and a 0.6% rise compared with the previous quarter.
SCI has put autumn’s labor force participation rate—the proportion of the population of ages 10 years and above that is economically active either employed or looking for work—at 40.1%, registering a 1.2% rise compared with the same quarter of last year and a 0.9% decrease compared with last winter.
Part-time employees, those who are employed for less than 44 hours of service per week, constitute 10.8% of the country’s employed population, whereas 37.1% of the employees worked 49 hours or more of service per week, Financial Tribune reported.
The services sector employed 50.1% of the Iranian employed population, whereas industrial and agricultural sectors provided 32.6% and 17.2% of the population with jobs respectively. 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.