29 Mar 2024
Tuesday 24 March 2020 - 22:24
Story Code : 372831

Official puts Irans last year unemployment rate at 10.6%

IRNA Head of Plan and Budget Organization of Iran Mohammad Baqer Nobakht on Tuesday briefed the governments efforts to rein in unemployment rate, saying the countrys unemployment rate stood at 10.6% last year.

Nobakht made the remarks while speaking live on his personal Instagram page.

He said that the governments measures to create jobs and reduce unemployment rate added some 470,000 people to the countrys employed community, reducing some 320,000 people from the unemployed persons last autumn compared to the corresponding period last year.

Nobakht also said that reining in inflation rate was one other goals pursued by the government last year.

The 4% inflation rate in the first Iranian calendar month of Farvardin declined to 1.5%, the point-to-point inflation rate slashed from 51% to 22% and the annual inflation rate reduced from 42.7% to 34.8% respectively, the official said.

He said that although Irans economic growth was not satisfactory last year, the countrys economic growth, including oil incomes, stood at -10% over the first and second quarters of the year, while it improved to reach -1.8 over the third and fourth quarters.

Irans economic growth, excluding oil revenues, which stood at -1% has also risen to 0.8%, Nobakht said.
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