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News ID: 6361
Iran » Iran
Publish Date: 14:09 - 18 February 2015
Tehran, YJC. Ministry of Labor has said to tackle unemployment, the economy should create 1.2 million jobs annually.

Deputy Minister Ahmad Meidari in a press conference on Tuesday asserted that the recurring expenses from unemployment would surely be in other sectors in order to compensate the effects of unemployment.

Meidari pointed to the number of 600 thousand jobless people in the public sector in recent years as a factor bringing to the government solely budget deficit; "increasing the government size is likely actually to consume the public resources, thus creating problems for government in meeting budget deficits,” he said.

The official pointed to eliminating stagnation and inflation, also known as stagflation, as government’s major item on agenda in economy; "the government would require oil and other incomes to implement plans to make a way out of stagflation. With 15 million people aging 15-24 swarming the labor market in 2010s, the government will need to create 1.2 million jobs per year to curb the unemployment. To do that, the government should add to the agenda plans to establish public job positions,” he asserted.

Providing comments on economic shocks, Meidari asserted that several shocks had been seen in Iranian economy in recent years; "exchange rate shocks during Ahmadinejad administration almost catapulted the dollar’s exchange rate to three times as its price before,” he noted.

Speaking of foreign goods and services, Meidari said that imports had soared 3 times in a course of 13 years, with China being the source of major portion of imports.

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