PressTV-Iran joblessness borders on the critical

Iran’s army of job seekers is growing in ranks.
Iran’s army of job seekers is growing in ranks, presenting state officials with a quandary on how to deal with a predicament which is bordering on the critical.

President Hassan Rouhani has described unemployment along with inflation as the biggest preoccupation of his administration. Other officials have duly sounded alarm bells.

The challenge is multifaceted and really a hard nut to crack.

A steady flood of new entrants to the labor market is repulsed by a rise in the cost of businesses.

Moreover, the Iranian economy is still reeling from two years of stagflation marked by a malignant mix of inflation, slumping growth and high unemployment.

Minister of Labor, Cooperatives and Social Welfare Ali Rabiei says Iran has to generate about 800,000 jobs a year in order to cope with runaway unemployment.

via PressTV-Iran joblessness borders on the critical.

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