Armenia turns to active policy on unemployment - minister

Armenia turns to active policy on unemployment - minister

YEREVAN, January 22. /ARKA/. Armenia has scrapped its passive policy of paying unemployment benefits and turned to active policy of ensuring employment of population, Armenia’s minister of labor and social affairs Artem Asatryan said Tuesday.

“We have already mentioned that about 90% of the funds appropriated for fighting unemployment were paid as unemployment benefits. The fact that most of those getting the benefits do not find jobs is a bad indicator”, Asatryan said in describing the 2013 results and his ministry’s plans for 2014.

There is structural unemployment in Armenia, which means labor market demand and supply are in conflict, the minister said. The 2014 plans envisage investments to help active job seekers bring their qualifications into compliance with market demand.

Youth unemployment level is quite high in Armenia, the minister said adding a three-month training program will be held for higher school graduates at potential employers’ companies.

This means young people having a profession, but without experience, will have a chance to obtain skills and qualifications required for stable employment, the minister said.

Asatryan also said about ten other programs are being developed as part of active policy to increase employment level among population.

According to ArmStat, Armenia’s unemployment rate was 16.2% in the second quarter of 2013, a reduction of 1.2 percentage points compared with the same period of 2012 and a 0.7% decrease from the first quarter. Number of the unemployed dropped from 246,200 in the second quarter of 2012 to 228,100 in Q2 2013; number of the employed rose from 1,166,500 to 1,179,800. ($1=405.739drams). –0--

10:48 22.01.2014

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