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Sunday, April 2, 2023

Employment ‘back to pre-Covid levels’

About 230,000 recent graduates remained out of work as 64.5% had been rejected by potential employers in the 4th quarter of last year, according to the National Economic and Social Development Council (NESDC).

According to a NESDC report on the labour situation for that quarter, the employment situation improved due to new jobs in the non-agricultural sector. However, employment in the agricultural sector has declined since the second quarter.

Overall, the employment rate and working hours were similar to those before the Covid-19 pandemic, the report said.

In the 4th quarter of last year, 39.6 million people were employed, a 1.5% increase over the same period in the previous year due to 3.9% growth in the non-agricultural sector, the report added.

Recovery and expansion in the…

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