The statistics have been released just one month before another 11.6 million students will graduate from college and vocational schools and all set to enter the job market.
Notably, nearly 12 million Chinese expected to enter the job pool in June at a difficult time. One in five Chinese graduates are jobless, the highest level since China started announcing such statistics in 2018, reported The Straits Times.
According to the Economic Survey Report released by Chief Secretary of Jammu and Kashmir UT, Arun Kumar Mehta in April this year, the unemployment rate among youth has declined from 6.7 per cent in 2019-20 to 5.2 per cent in 2021-22.
In its report 'Macro Poverty Outlook for Pakistan: April 2023', the bank noted that GDP per capita growth is estimated at -1.5 per cent in 2022-23 in comparison to 4.2 per cent in 2021-22.
As per the latest available Annual PLFS Reports, the estimated Unemployment Rate (UR) on usual status for graduate persons of age 15 years and above was 17.2 per cent, 15.5 per cent and 14.9 per cent during 2019-20, 2020-21 and 2021-22, respectively, which shows a declining trend in the unem
In June 2019, the urban unemployment rate was at 8.9 per cent, which peaked at 20.9 per cent during the COVID period, and has fallen since then to 7.2 per cent in September 2022, data revealed.
Even though that Rakhine's natural resources are exported to China for billions every year by successive Myanmar governments, Rakhine state is the second poorest state in Myanmar and has one of the highest unemployment rates.
The Monetary Policy Committee (MPC) of United Kingdom's central bank sets monetary policy to meet the 2 per cent inflation target, and in a way that helps to sustain growth and employment, according to a statement available on bankofengland.co.uk.
The Periodic Labour Force Survey (PLFS) data has indicated that unemployment rate is on decline in the country, Minister of State for Labour and Employment Rameswar Teli informed the Lok Sabha on Thursday.
Labour force participation rate in CWS (Current Weekly Status) in urban areas for persons aged 15 years and above increased to 47.9 per cent in the July-September quarter from 46.9 per cent in the same period a year ago.