Lebanon: What is the unemployment situation in the midst of the crisis?
#EconomicAnalysis #Economy #Unemployment #WORLDBANK #LEBANON
Denys Bédarride
Friday 10 June 2022 Last update on Friday, June 10, 2022 At 7:30 AM

The Central Administration of Statistics (ACS), in partnership with the International Labor Organization (ILO), has updated the official unemployment figures while its last study was published in January 2020 and was based on the results of a survey carried out between April 2018 and March 2019, i.e. before the economic and financial implosion.

According to a survey conducted between December 27 and January 31 of 5,444 “resident” households throughout the country (i.e. 22,046 people, 80% of whom are Lebanese nationals and 20% foreign nationals), the unemployment rate in national level concerning the active population is around 30%.

More specifically, 49% of the unemployed population has been looking for a job for more than a year. The proportion of young workers aged 15 to 24 who were unemployed was 47.8% at the start of the year, more than double the rate revealed by the ACS in 2020 (23.3%).

Finally, the ACS reveals that 62.4% of residents work “informally” (not registered with the National Social Security Fund), an increase of 7.5 points compared to 2018/2019. The share of residents working in an “informal sector” (unregulated or illegal) is 48.3%, a jump of 13.1 points from previous results.

In its previous study, the ACS had already noted that the unemployment rate had almost doubled in a decade. These new statistics from the ACS also differ from the figures revealed by the World Bank which, in January 2022, had identified an unemployment rate of 40% following a telephone survey.

Source : Embassy of France in Lebanon

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