Armenia is a world leader by size of hidden unemployment: Abel Aghanbegyan says
18.04.2013,
22:01
Armenia is a world leader by size of hidden unemployment, according to Abel Aghanbegyan, head of the department of economic theory and policy at the Russian Academy of National Economy and Public Administration, who was a key speaker today at Yegor Gaidar Readings at Russian-Armenian (Slavonic) University.
YEREVAN, April 18. /ARKA/. Armenia is a world leader by size of hidden unemployment, according to Abel Aghanbegyan, head of the department of economic theory and policy at the Russian Academy of National Economy and Public Administration, who was a key speaker today at Yegor Gaidar Readings at Russian-Armenian (Slavonic) University.
Yegor Gaidar was Russia’s acting prime minister from 15 June 1992 to 14 December 1992. He is best known as the architect of the controversial shock therapy reforms administered in Russia after the disintegration of the Soviet Union.
"The unemployment rate in Armenia is extremely huge. Officially there are 265,000 jobless people, but in fact of 2.3 million working age citizens only 1.1 million are employed , the rest are not considered unemployed. Such figures can not be found in any other country," he said.
According to the National Statistical Service of Armenia, the number of officially registered unemployed in February 2013 stood at 61,300, which was 8.6% lower than in February 2012. In February 2013 their number fell by 1.1% from the previous month.-0-
