Engineering Post Report
The employed labour force in the country, according to the Labour Force Survey 2021-22, reached to 67.2 million in 2020-21 from 64 million in 2018-19 showing an addition of 3.2 million to employed work force during the said period.
The unemployed labour had accordingly decreased slightly from 4.7 million in 2018-19 to 4.5 million in 2020-21 indicating that 0.2 million people were added to the employed labour force in the country which showed that unemployment rate had gone down during the same period from 6.9 per cent to 6.3 per cent indicating decrease of almost 0.6 per cent.
The unemployment rate of 6.3 per cent was still regarded on the higher side because of slowdown of economic activities in employment intensive sectors , higher population growth and a huge skill gap.
According to the experts, Pakistan continues to face a set of complex economic , social and political challenges, including low levels of investment and high inflation rates. Consequently, the outlook of the labour market somewhat continues to be quite gloomy, especially in the context of creating higher quality jobs,.
However, the initiatives taken by the federal government coupled with packages in addition to the provincial initiatives to boot economic activities, mitigate the adverse impact of persisting pandemic of COVID-19 , though slightly on the lower side, on employment generation and creating employment opportunities in various sectors of the national economy.