Iran: Minister of Labor: The Unemployment Rate Will Not Reduce Soon

Since the authorities announced that 1 million and 200 thousand new jobs have to be created in the New Year. Observers predict that the unemployment rate will increase in this year too.

NCRI - The rate of unemployment will not reduce since a large number of young graduates are entering the job market. The Minister of Cooperatives, Labor and Social Welfare, Ali Rabiei stipulated.
On March 21st , IRIB News released a report quoting Ali Rabiei that unemployment rate will remain at the current level if the creation of jobs continues similarly in the next four or five years.

Ali Rabiei gave the speech on Monday evening on the sidelines of a ceremony held for the launch of 60 new products of the pharmaceutical companies that are the subdivision of the Ministry of Labor and the Iranian President, Hassan Rouhani attended the event as well.

Based on the Official Website of the Iranian President's report, Hassan Rouhani at the ceremony stated: “in recent years, the universities admitted young students in Iran while no plan had been formulated to provide job opportunities for the educated people. Therefore, 5 million students got university admission and currently, 800 thousand graduates are entering the job market annually."