Growing Unemployment in Pakistan: A Troubling Trend
Growing unemployment is presenting a significant challenge in Pakistan, with the number of jobless individuals witnessing a substantial increase over recent years. Data indicates that the total unemployed population has risen from 4.5 million in 2020–21 to an estimated 5.9 million by 2024–25. This surge represents an additional 1.4 million people without work, highlighting a tightening job market.
This 31% increase in joblessness reflects a widespread difficulty across various demographics. Notably, unemployment among young people aged 15 to 24 grew from 11.1% to 12.6% within the same period. This trend suggests that new graduates and young job seekers face mounting hurdles in securing employment opportunities.
Addressing Rising Unemployment
Government officials have voiced serious concerns regarding the situation. Minister for Planning and Development Ahsan Iqbal emphasized the urgent need for new job creation initiatives, enhanced skills training, and robust policies to support the labour market. Such measures are crucial to prevent further escalation of unemployment and its associated economic pressures.
Experts advocate for improving access to technical skills, fostering small businesses, and encouraging entrepreneurship as potential solutions. These efforts, requiring long-term planning, are essential for creating opportunities. News and analysis on these economic shifts are often featured on platforms like SindhNews.com.
The escalating unemployment figures underscore the necessity for concerted efforts from both government and the private sector. Collaborative strategies are vital to create stable work for millions of Pakistanis and mitigate the socioeconomic impact of this growing challenge.