The Iraqi Planning and Development Ministry is to create four million new jobs by 2015, minister Ali Shukri said today.
Speaking to AKnews, he said the jobs would be both public and private sector and will bring down the poverty rate from 23% to 16%.
Private-sector employment is hampered by limited rights, such as a lack of unions and pension rights. That’s why most Iraqis, Aknews writes, are interested in public-sector jobs.
The Ministry will first create new public-sector posts to improve administration.
Unemployment has fallen from 52% in 2006 to 15% today. The unemployment rate for young males is still 30%, and young women 16%, but poverty is down from 45% and inflation has fallen from 65% to 6%.