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The Israeli Walla! website: We are running out of stockpiles, our forces are exhausted, and the lives of the captives are in danger. It is time for a ceasefire deal in Gaza.
Several wounded in an Israeli bombardment of a tent in al-Mawasi, south of Khan Younis in the Gaza Strip.
Israeli media: Three wounded, three killed in an ongoing operation in the Gaza Strip.
Al Mayadeen's correspondent in southern Lebanon: Israeli artillery shelling targets the outskirts of the town of Shebaa
Al-Qassam Brigades: The targeting took place at the intersection of 'Street 5' with the western line north of Khan Younis
Al-Qassam Brigades: A NIMR armored personnel carrier carrying an Israeli soldier was targeted with an Al-Yassin missile north of Khan Younis
Israeli media: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes

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

  • Lebanon
  • Lebanon crisis
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