Rise in Unemployment in Iraqi Kurdistan

By John Lee.

A spokesperson for the Kurdistan Region’s Syndicate of Investors has told BasNews that unemployment has risen sharply over the last two years and is now estimated at 20-25 percent with 700,0000 people losing their jobs in the private sector.

But the Head of Sulaymaniyah Directorate of Statics, Mahmoud Othman, rejected the claims, saying:

“Unemployment was at 7% in 2013 and it grew to 10% by the end of 2014 … but reliable statics are not available for 2015.”

He insisted that even though the financial crisis has affected employers, and salaries are delayed, people are still working.

(Source: BasNews)

(Oil Worker image via Shutterstock)

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