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Iran’s jobless rate down 0.7% y/y in December quarter: SCI

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
Iran’s unemployment rate declined 0.7% year on year in the quarter to late December last year.

Iran’s unemployment rate declined 0.7% in the quarter to late December last year compared to same quarter in 2021, according to figures by the Statistical Center of Iran (SCI).

SCI figures covered in a Tuesday report by the Tasnim news agency showed that labor participation rate in Iran had increased by 0.1% year on year in the December quarter to reach 41%.

The total number of people in employment in Iran rose by 535,000 in the October-December quarter last year to a total of 24.07 million, showed the figures.

Iran’s services sector accounted for 51.1% of Iran’s total employment in the three months to December 21 last year, followed by manufacturing at 34.6% and agriculture at 14.3%, said the SCI.

The Iranian government’s statistics agency said youth jobless rate, which covers people aged 15 to 24, was 19.2% in the December quarter last year, down 4.4% against the same quarter in 2021.

Jobless rate among the Iranian population aged 18 to 35 fell by 1.3% year on year in the October-December quarter of 2022 to reach 14.8%, said the agency.

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