Additional 330,000 people became jobless in Oct-Dec 2024

True state of labour market worse than expected

The past government had been relying on international definitions and standards that are over four decades old to measure labour data, painting a rosy picture of low unemployment and an improved labour market.

The number of unemployed people in the country increased by about 40,000 year-on-year in the fourth quarter of 2023 to 23.5 lakh as women stepped back from gainful employment.

The number of unemployed people in Bangladesh declined by 1.80 lakh year-on-year in the third quarter of 2023 despite the country’s major economic indicators having slowed down.

The number of unemployed people in Bangladesh decreased by 3.47 percent or 90,000 in the April-June quarter compared to the previous quarter this year, according to data of the Bangladesh Bureau of Statistics (BBS).

Masudur Rahman completed his post-graduation in economics from Sirajganj Government College last year.