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Increase in unemployment rate in pakistan

Increase in unemployment rate in pakistan

28 Feb 2012 There are three figures for unemployment in Pakistan: the official, laughable unemployment is seen as an indicator of the growth potential. 28 Dec 2017 There are various tenures in which the unemployment rate is increased abnormally due to any internal or external factor, as in the year 2002 the  Pakistan's Unemployment Rate dropped to 5.79 % in Jun 2018, from the previously reported number of 5.94 % in Jun 2015. Pakistan's Unemployment Rate is updated yearly, available from Jun 1980 to Jun 2018, with an average rate of 5.55 %. International Monetary Fund (IMF) has increased its unemployment rate projection for Pakistan to 6.2 percent for 2020 against 6.1 percent in 2019. In the

7 Mar 2020 Finance ministry rejects reports of hike in unemployment rate about a rise in unemployment rate that experts say can be as high as eight per figures are available after their publication by the Pakistan Bureau of Statistics 

International Monetary Fund (IMF) has increased its unemployment rate projection for Pakistan to 6.2 percent for 2020 against 6.1 percent in 2019. In the Unemployment Rate in Pakistan decreased to 4.10 percent in 2018 from 5.70 percent in 2017. Unemployment Rate in Pakistan averaged 5.44 percent from 1985 until 2018, reaching an all time high of 7.80 percent in 2002 and a record low of 3.10 percent in 1987.

World Economic Outlook report 2019 was issued by the International Monetary Fund (IMF) in which the rise in the unemployment rate in Pakistan was forecasted  

3 Mar 2019 However, it is still very high when compared to the average unemployment rate of 5.8pc in Pakistan in 2017-18. No official estimate is available  9 Feb 2018 A consistent GDP growth rate of over 7 per cent is required to absorb Not only does Pakistan need faster economic growth, it also needs a  24 Sep 2013 Population growth, Interest rate, foreign direct investment, gross domestic product and literacy rate in Pakistan are being used as explanatory 

Unemployment Rate in Pakistan decreased to 4.10 percent in 2018 from 5.70 percent in 2017. Unemployment Rate in Pakistan averaged 5.44 percent from 1985 until 2018, reaching an all time high of 7.80 percent in 2002 and a record low of 3.10 percent in 1987.

Four important independent variables are selected as determinants which include GDP Growth rate, inflation, FDI and Population growth rate. The correlation  A developing country like Pakistan is heavily dependent on the oil as inputs for almost every industrial sector therefore increase in oil prices, increases inputs  It is obvious from the above table that in Pakistan unemployment rate is increasing in both rural and urban areas in absolute as well as in percentage terms. The emigration has shortterm advantages for Pakistan, which has a high unemployment rate and few other exports. 2 government bureaus and over 300  3 Mar 2019 However, it is still very high when compared to the average unemployment rate of 5.8pc in Pakistan in 2017-18. No official estimate is available  9 Feb 2018 A consistent GDP growth rate of over 7 per cent is required to absorb Not only does Pakistan need faster economic growth, it also needs a 

Unemployment, total (% of total labor force) (modeled ILO estimate). International Labour Organization, ILOSTAT database. Data retrieved in December 2019.

Pakistan’s Unemployment Rate is forecasted to be 6.140 % in Dec 2019 as reported by International Monetary Fund - World Economic Outlook. It records an increase from the last reported number of 6.079 % in Dec 2018. Looking ahead, Pakistan’s Unemployment Rate is projected to stand at 6.457 % in Dec 2024. Rate of male unemployment is 5.6% and female unemployment is 9.3 %. According to Census 1998, youth under the age of 29 constitute 70% of the total population. As much as 64.87% young population recites in rural areas and 35.13% in urban area.

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