Unemployment rates have declined since the Economic Modernization Vision was launched, dropping from 24.1 in 2021 to 22 percent in 2023, the Jordan Economic Forum (JEF) said.

JEF, an economic platform that tracks major macro and microeconomic indicators, said in a paper released on Saturday that the latest unemployment and job opportunities’ data is a positive indicator of the Jordanian economy’s ability to achieve economic reform programs’ goals, including generating 100,000 job opportunities annually over the next decade.

This data is a key indicator towards achieving sustainable and comprehensive economic growth, reflecting the resilience of the Jordanian economy in the midst of regional and international challenges, including the global economic turmoil and political fluctuations in the region, JEF pointed out.

Department of Statistics (DoS) figures pointed to a decline in unemployment rates by the end of the second quarter of the year, reaching 21.4 percent, as about 95,342 opportunities were created
in 2023, about 95 percent of the annual target set in the economic modernization vision, the latest survey showed.

This figure marks a significant increase, compared to the annual average of new job opportunities during the past five years, the paper noted.

The new jobs were 65,595 for males, about 69 percent, and 29,748 for females, or 31 percent, it said, adding that the private sector took the lion’s share, with 70.7 percent of the total, which underlined the private sector’s role as a locomotive of economic growth and employment.

Source: Jordan News Agency