TEHRAN – More than 40 percent of Iranian graduates are unemployed, Cooperatives, Labor, and Social Welfare Minister Ali Rabiei has said.
He put the youth unemployment rate at over 26 percent, IRNA reported on Saturday.
Plans are underway to reduce the unemployment rate in Iran to seven percent by 2015, the deputy Iranian minister of labor and social welfare said in August.
Mohammad-Hossein Forouzan-Mehr added that according to the plans, the unemployment rate will fall by one percent each year during 2013-2015, the Mehr News Agency reported.
Iranian President Hassan Rouhani has promised reforms that would help in boosting production as part of efforts to kick-start the country’s sanction-hit economy, according to an article published in September by the Financial Times.
Since he took office in August, Rouhani has made improving the country’s economy a priority.
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