Islamic Republic of Iran
Issues and Challenges
The current estimated unemployment rate in Iran is 12.1 per cent (26 per cent for youth). Despite this relatively high unemployment figure, employers report shortages of people with the skills required by the labour market. Furthermore, many researchers argue that the human capital under utilization rate (including unemployment, visible and invisible underemployment and hidden unemployment) amounts to more than twice the declared rate of official unemployment. Better coordination of all types of policies, in particular the economic, investment and human capital development policies, is needed. Read more...