REAL UNEMPLOYMENT RATE IN ARMENIA CLOSER TO 45-50%

epress.am
09.29.2011 14:34

According to figures released by the RA Ministry of Labor and Social
Affairs, 247,500 Armenia citizens are looking for work. This figure
is noted in the draft "2012 State Program to Establish Employment,"
which is included in the agenda of today's cabinet meeting, reports
local daily Haykakan Jamanak ("Armenian Times").

The document states that only 88,300 of these job seekers are
registered in the territorial agencies of the State Employment
Service. However, experts assert that official figures don't reflect
the full reality since unofficial studies have shown that more than
500,000 "economically active" people are unemployed.

If we proceed from official figures of Armenia's population, the above
figure comprises more than 30% of "economically active" residents. But
considering that official population figures are likewise distorted,
the real level of unemployment in Armenia is closer to 45-50% of the
population. This indicator places Armenia in the "leading" positions
in the world in terms of unemployment.