ISLAMABAD: In a positive development, Pakistan's economic situation has improved as the unemployment rate has declined compared to last year,The Newsreported Tuesday.
This was revealed in thesecond quarter report of Ipsos-Pakistan's consumer confidence survey 2024, in which more than 1,000 people participated from across the country.
The 2024 survey revealed that there was a decrease of 7% in the number of Pakistanis who said thatthey were unemployed last year.
Meanwhile, 57% of people in the previous one and 50% of people in the current one said they or someone they know was unemployed, while the rate of those who said they did not lose the job increased by 5%.
The rate of Pakistanis who became unemployed in the last year has decreased by 13% from September 2023 till now, as 63% said to be unemployed in September 2023.
In the survey, a 10% decrease was also observed in the fear of losing a job among Pakistanis. In September 2023, 95%, while in the current survey, 85% expressed a fear of unemployment. In the same period, confidence among Pakistanis regarding employment also increased from 5 to 15%.