The number of unemployed people in Pakistan to reach 6.65 million in 2020-21 – Research Snipers

The number of unemployed people in Pakistan to reach 6.65 million in 2020-21

It has been reported that the number of unemployed people in Pakistan has been estimated to reach 6.65 million during the fiscal year 2020-21, compared to 5.80 million of the outgoing financial year of 2019-20.

According to the annual plan 2020-21 formed by the PTI-led federal government, Pakistan has the 9th largest labor force in the world which is increasing every year.

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As per the details, the number of unemployed workers in the country will reach 62.91 million in 2020-21 from 62.18 million in the financial year 2019-20. According to the details of the Labour Force Survey 2017-18, the unemployment rate for the upcoming financial year 2020-21 has been estimated at 9.56 percent.

Pakistan is experiencing the phenomenon of unemployed educated people, particularly jobless graduates. The unemployment rate among the degree-holders in the country is almost three times higher than the other overall unemployed people.

The reason given for this higher number of the unemployed people is a mismatch between the education being imparted and the need of the economy to sufficiently absorb fresh graduates.

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