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