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Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

Lebanon jobless rate near tripled since 2018

  • By Al Mayadeen net
  • Source: Agencies
  • 12 May 2022 18:10
2 Min Read

The official unemployment rate in Lebanon has now reached 29.6% according to a UN and government joint survey.

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  • Lebanon jobless rate near tripled since 2018
    Lebanon jobless rate near tripled since 2018

The official unemployment rate in crisis-hit Lebanon nearly tripled to 29.6% at the start of the year, according to a joint UN-government study released Thursday.

The survey indicated that the unemployment rate "increased from 11.4 percent in 2018-2019 to 29.6 percent in January 2022, indicating that almost one-third of the active labor force was unemployed in January 2022."

Lebanon's economy crashed two years ago as a result of years of corruption and financial mismanagement, devaluing the national currency by 95% and sending poverty rates skyrocketing.

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According to a rare poll issued by Lebanon's Central Administration of Statistics and the International Labour Organization, the informal economy accounted for around 60% of employment.

One of the most concerning findings was the significant increase in "underutilized labor" from 16.2% in 2018-2019 to 50.1% in January 2022, referring to persons who could work more hours than they do.

The topic of unemployment has received little attention in the campaigns of the major parties fielding candidates in Sunday's parliamentary election.

The International Monetary Fund encouraged Lebanon to overhaul its bloated public sector, which employs almost a quarter of the working population, in its initial bailout agreement with the government last month.

Read more: IMF says Lebanon aid deal needs more work

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