Contrary to slogan of job creation, unemployment on the rise in Pakistan - News Summed Up

Contrary to slogan of job creation, unemployment on the rise in Pakistan


Employers, however, have challenged the reading, arguing that it does not reflect the actual bleak situation in the job market. Out of this, 61.71 million (94.21%) were employed and the remaining 3.79 million (5.79%) were unemployed. The unemployment rate in Pakistan, on average, has remained at 5.5% since 1986. “If the unemployment rate was that low (nearly 5.79%), then it meant that almost every newcomer in the job market was getting a job in Pakistan. In America, however, 4% unemployment rate is considered as full employment,” Aziz said.


Source: The Express Tribune October 28, 2019 05:03 UTC



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