What is the unemployment rate in Pakistan 2022?

What is the unemployment rate in Pakistan 2022?

Unemployment Rate in Pakistan is expected to reach 12.00 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations.

What is unemployment rate in Pakistan 2020?

4.5 %
Unemployment rate of Pakistan jumped by 10.29 % from 4.1 % in 2019 to 4.5 % in 2020. Since the 7.78 % drop in 2018, unemployment rate sank by 18.92 % in 2020. The description is composed by our digital data assistant.

When was the highest unemployment rate in history?

The unemployment rate has varied from as low as 1% during World War I to as high as 25% during the Great Depression. More recently, it reached notable peaks of 10.8% in November 1982 and 14.7% in April 2020. Unemployment tends to rise during recessions and fall during expansions.

Which country has the lowest unemployment 2021?

Top Ten Countries with the Lowest Unemployment (World Bank 2020 data):

  • El Salvador – 0.1% (tie)
  • Qatar – 0.1% (tie)
  • Myanmar – . 05%
  • Solomon Islands – 0.7%
  • Chad – 1.1% (tie)
  • Thailand – 1.1% (tie)
  • Bahrain – 1.2% (tie)
  • Cambodia – 1.2% (tie)

What is Pakistan’s unemployment 2021?

The Pakistan Bureau of Statistics (PBS) on Thursday finally published the results for the 2020 – 2021 Labour Force Survey (LFS) which estimates the unemployment rate at 6.3%.

Is the unemployment rate high in Pakistan?

In 2020, the unemployment rate in Pakistan was at approximately 4.45 percent, a slight increase from 4.65 percent the previous year….Pakistan: Unemployment rate from 1999 to 2020.

Characteristic Unemployment rate
2020 4.65%
2019 3.98%
2018 4.08%
2017 3.94%

What is the unemployment rate history?

Unemployment Rate in the United States averaged 5.75 percent from 1948 until 2022, reaching an all time high of 14.70 percent in April of 2020 and a record low of 2.50 percent in May of 1953.

What is China’s unemployment rate?

In April, China’s jobless rate among 16- to 24-year-olds, a group that includes new college graduates, climbed to a record 18.2%. That’s three times as high as the national urban unemployment rate in China, and more than the 7.9% for the same cohort in the US.

What is the rank of India in unemployment?

India unemployment rate for 2020 was 7.11%, a 1.84% increase from 2019….India Unemployment Rate 1991-2022.

Similar Country Ranking
Country Name Unemployment Rate (%)
Angola 7.70%
India 7.11%
El Salvador 6.98%

How much is Pakistan worth?

$347.743 billion
$347.743 billion (nominal; 2021). $1.468 trillion (PPP; 2022 est.)

What is the rank of Pakistan in unemployment?

Pakistan unemployment rate for 2019 was 3.98%, a 0.1% decline from 2018….Pakistan Unemployment Rate 1991-2022.

Similar Country Ranking
Country Name Unemployment Rate (%)
Sri Lanka 4.84%
Moldova 4.71%
Pakistan 4.65%

What is the unemployment in Pakistan?

Why there is so much unemployment in Pakistan?

There are three major causes of unemployment, economic causes, social causes and financial causes. The use of advanced technology, mechanization of agriculture, low industrial growth rate and reduction in foreign employment all comes under economic causes and need great attention.

Which country has highest employment rate 2021?

Iceland had the highest employment rate among European Union countries as of the third quarter of 2021, at 82.5 percent, followed by the Netherlands, which had an employment rate of 81.6 percent….Employment rate in selected European countries as of 3rd quarter 2021.

Characteristic Employment rate
Finland 73.6%

What is a good unemployment rate?

about 4% – 6%
An unemployment rate of about 4% – 6% is considered “healthy”. Lower rates are seen as inflationary due to the upward pressure on salaries; higher rates threaten a decrease in consumer spending.