11 Dec 2023
Monday 16 September 2019
Story Code : 359158

Iran's long-term unemployment hits 37.8% of jobless population

Financial Tribune - Irans long-term unemployed population reached 37.8% of the total number of jobless in the last fiscal year (ended March 20, 2019).

The long-term unemployment rate, which is the share of the labor force that has been without work for more than a year while actively looking for a job, was the highest for those between 25 and 29 years at 11%.

Higher education and expectations of finding a job suiting ones qualification are the main reasons behind the long-term unemployment of this age group, according to a report by the Ministry of Cooperatives, Labor and Social Welfares Statistics and Strategic Data Center.

The lowest long-term unemployment rate was registered for those of ages 30 and higher at 2.8%, which could be due to this age group's high priority of having a job over the nature of the job.
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