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BREAKING
Support and Stability Apparatus (SSA) chief Abdel Ghani al-Kikli confirmed dead.
Gunfire heard in various areas of the Libyan capital of Tripoli.
Libyan sources: The Ministry of Interior urges all citizens in Tripoli to remain in their homes.
Libyan sources: Air traffic halted at Tripoli Airport following reports of the death of Support and Stability Apparatus (SSA) chief Abdel Ghani al-Kikli.
Libyan sources: Clashes and military movements reported inside the capital, Tripoli.
Sheikh Qassem: Lebanese officials must also prioritize rebuilding the state economically and socially, as well as returning the depositors’ funds.
Sheikh Qassem: The second priority is reconstruction, and I call on the Lebanese government to place this item first on the agenda of its next session.
Sheikh Qassem: Lebanese officials must prioritize ending Israeli aggression, its violations, its occupation, and securing the release of prisoners.
Sheikh Qassem: We are part of the new era and partners in its benefits, and we want those who previously took certain stances for specific reasons to reconsider them in order to build the country.
Sheikh Qassem: We say to the servants of Israel: return to your national sense so that we can work together.

Lebanon jobless rate near tripled since 2018

  • By Al Mayadeen net
  • Source: Agencies
  • 12 May 2022 19:10
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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  • Lebanon crisis
  • Unemployment

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