Table of Contents
What is the unemployment rate in Pakistan 2020?
approximately 4.45 percent
In 2020, the unemployment rate in Pakistan was at approximately 4.45 percent, a slight increase from 4.65 percent the previous year.
What is the current unemployment rate in Pakistan 2021?
5.00 percent
Unemployment Rate in Pakistan is expected to reach 5.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations.
What is the national unemployment rate 2020?
U.S. monthly unemployment rate A trend of decreasing unemployment followed after a high in 2010 resulting from the 2008 financial crisis. However, it rose again to 8.1 percent in 2020. Additional statistics from the BLS paint an interesting picture of unemployment in the United States.
What type of unemployment is in Pakistan?
Demand-Deficient Unemployment. Demand-Deficient Unemployment refers to unemployment within the framework of Keynesian, where the aggregate demand level is below that necessary to achieve full-employment. In Pakistan unemployment is of structural and cyclical nature.
What is Japan’s employment rate?
Employment Rate in Japan averaged 60.17 percent from 1972 until 2021, reaching an all time high of 65.40 percent in October of 1973 and a record low of 55.90 percent in January of 2012.
What is India’s employment rate?
As per the CMIE, the creation of additional jobs pushed up India’s employment rate to 37.87% in September as compared to 37.15% in August.
What country has lowest unemployment?
The ten countries with the lowest unemployment rates are: Cambodia (0.30%) Qatar (0.60%) Thailand (0.70%)…Unemployment By Country 2021.
| Country | Unemployment Rate | 2021 Population |
|---|---|---|
| Grenada | 24.00% | 113,021 |
| Afghanistan | 23.90% | 39,835,428 |
| Dominica | 23.00% | 72,167 |
| Nauru | 23.00% | 10,876 |
Why is the unemployment rate so high in Pakistan?
Like other major issues prevailing in Pakistan, unemployment is also the largest one. In Pakistan, the unemployment rate is very high and the major reason is the wastage of resources on the large scale. It results in the decrease in the income of people.
What was the unemployment rate in Pakistan in 1985?
Unemployment Rate in Pakistan decreased to 5.70 percent in 2017 from 5.80 percent in 2016. Unemployment Rate in Pakistan averaged 5.47 percent from 1985 until 2017, reaching an all time high of 7.80 percent in 2002 and a record low of 3.10 percent in 1987.
How many jobless people are there in Pakistan?
ISLAMABAD: The number of unemployed people in the country has been estimated to reach 6.65 million during the fiscal year 2020-21, compared to 5.80m of the outgoing financial year. According to the government’s annual plan 2020-21, Pakistan has the 9th largest labour force in the world which is increasing every year.
What kind of economy does Pakistan have now?
While agriculture is still important for Pakistan’s economy, the services sector is gaining ground in the country, and more and more people are moving to urban areas from the countryside to find jobs in the cities. Already a member? Add this content to your personal favorites.