The services sector accounted for the largest employment growth at 174.2 percent followed by the manufacturing sector at 131 percent, according to the study. Notably, the employment rate in enterprises established between 2016 and 2019 was 75.2 percent, equating to an annual employment growth rate of about 50 percent on average over that period. IDLC-assisted SMEs saw an over 100 percent growth in employment generation from inception until 2019. A comparison between men- and women-owned enterprises found the employment growth in the latter was 45.7 percentage points above the growth rate recorded in male-owned businesses. Salaried jobs grew by 134 percent during the study period, the highest growth rate among all job categories analysed in the report.

Source: bd News24 November 24, 2020 11:37 UTC