Iran needs $200 billion annually to keep jobless rate steady

To keep the current unemployment rate steady some $200 billion should be invested to create one million jobs annually, the Iranian vice Majlis speaker said.
“In the most optimistic case, all the money which can be allocated to job creation does not exceed 80 billion dollars. So, to create one million jobs annually, the country is facing $120 billion deficit,” Mohammad-Reza Bahonar told the ILNA news agency.
Te nation’s working population was 25 million in the previous calendar year which ended on March 20, 2010, according to the Statistics Center of Iran.
Cooperatives, Labor, and Social Welfare Minister Abdolreza Sheikholeslami has said that the country plans to cut its unemployment rate to seven percent by the end of 2012 in line with the fifth socio-economic development plan (2010-2015).
The ministry has proposed a plan for sending up to 100,000 laborers to abroad by 2015 in a bid to ease unemployment.
Eighteen countries have been identified as the targets for the Iranian workforce.


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