Unemployment Situation in Bangladesh: The drawback of unemployment in Bangladesh might not seem like as serious as it is. According to statistics, the unemployment charge is low however the actuality is far completely different. The earlier authorities of Bangladesh (the federal government of former Prime Minister Sheikh Hasina) relied on worldwide definitions and requirements to measure labor knowledge in the nation, which is more than 4 many years previous and was used to indicate a optimistic image of low unemployment and an improved labor market. Done for present.
However, the info offered by the State Run Statistics Bureau reveals a good rating on the world stage. But specialists warn that this situation is undermining all of the plans and efforts of Bangladesh to generate employment.
Bangladesh is ignoring world requirements
Ignoring world requirements, Bangladesh Bureau of Statistics (BBS) is nonetheless utilizing the thirteenth International Conference of Labor Statisticians (ICLS) of 1982 as a substitute of the most recent nineteenth model of 2013. Let us inform you that ICLS is a worldwide commonplace setting physique which is organized each 5 years by the International Labor Organization (ILO). However, now many of the nations in the world use the nineteenth ICLS for correct and up-to-date knowledge.
what is the unemployment charge
For instance, based on the final report of the Labor Force Survey of 2022, the thirteenth ICLS, the unemployment charge in Bangladesh was 3.5 % or 25.8 million folks. But utilizing the nineteenth ICLS, the unemployment charge will enhance to five.9 %. Apart from this, if the most recent commonplace is adopted then the unemployment charge among the many youth will enhance from 8 % to 17.7 %. At the identical time, BBS additionally makes use of a unique age vary for youth and dealing age folks, completely different from worldwide requirements.
Also learn: On the idea of what faith do Bangladeshi Muslims like and dislike India and Pakistan? This report is stunning
