\ud83d\udd0a Listen to Article<\/p>\n
Pakistan\u2019s unemployment rate is expected to reach 7 percent in the fiscal year 2024\u201325, increasing from 6.3 percent recorded in 2020\u201321, The News reported on Saturday.<\/p>\n
Top official sources confirmed that the unemployment rate has increased to around 7 percent based on the findings of the latest Labour Force Survey (LFS).<\/p>\n
According to the sources, the Pakistan Bureau of Statistics (PBS) presented the results of the 2024\u201325 Labour Force Survey during the DataFest conference.<\/p>\n
Experts at the event raised questions about the employment figures for Islamabad Capital Territory (ICT) and other parts of the dataset. The reporter reached out to the PBS chief statistician for clarification but did not receive a reply before publication.<\/p>\n
The government is expected to release the official LFS report for 2024\u201325 next week.<\/p>\n
Background From Previous Survey<\/p>\n
The 2020\u201321 LFS showed the labour force increasing to 71.76 million, with the unemployment rate slightly declining to 6.3 percent.<\/p>\n
It also noted an employment-to-population ratio of 42.1 percent. A major gap existed between genders, with male participation at 64.1 percent and female participation at 19.4 percent.<\/p>\n
The services sector remained the largest employer. Youth aged 15 to 24 experienced the highest unemployment rate at 11.1 percent, with young women facing even higher levels.<\/p>\n
Sources said the 2024\u201325 LFS uses the updated definitions of work and employment from the 19th International Conference of Labour Statisticians (ICLS), following the requirements of the International Labour Organisation (ILO).<\/p>\n
Under the older 13th ICLS standards, anyone doing even one hour of paid work or family business work in a week was counted as \u201cemployed.\u201d<\/p>\n
The 19th ICLS standards introduce a new category: own-use production work, which includes growing food for personal use, raising animals for household consumption, and non-market activities such as volunteering or unpaid trainee work.<\/p>\n
Impact On Employment Numbers<\/p>\n
There is concern that excluding unpaid family workers undercounts people\u2019s real activity. As stated in the report, \u201cWe are calling real activity all those activities which are done for remuneration.\u201d<\/p>\n
This change allows the LFS to focus on people who are genuinely part of the labour market and separates them from those doing unpaid household tasks.<\/p>\n
Many rural women, unpaid family helpers, and subsistence farmers who were earlier counted as employed may now fall under new categories.<\/p>\n
Some will shift to \u201cown-use production work\u201d unless they are seeking or available for paid jobs. Others may no longer be included in the labour force if they are not looking for market work.<\/p>\n","protected":false},"excerpt":{"rendered":"\ud83d\udd0a Listen to Article Pakistan\u2019s unemployment rate is expected to reach 7 percent in the fiscal year 2024\u201325,…\n","protected":false},"author":2,"featured_media":148355,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-148354","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/148354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=148354"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/148354\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/148355"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=148354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=148354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=148354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}