Business Report:
Unemployment in Bangladesh rose 5.6 per cent year-on-year to 2.64 million in the second (April-June) quarter of this year.
The Quarterly Labour Force Survey (QLFS), released by the Bangladesh Bureau of Statistics on Wednesday, also showed that the country had 2.5 million idle people in the second quarter of 2023.
The BBS said Bangladesh’s unemployment rate increased to 3.65 per cent in the second quarter of 2024 from 3.41 per cent during the same period a year prior.
It also said unemployment rose because of a higher number of unemployed men. However, women’s employment rate increased in the second quarter of 2024.
The BBS said Bangladesh’s labour force — which comprises all individuals who are able to work — declined 1.3 per cent year-on-year to 72.8 million in the second quarter of the current year.
Of them, 69.6 million were employed, down 1.55 per cent from 70.7 million in the same period a year ago, according to the QLFS.
Of the total employed population in the second quarter of the year, 46.1 million were male and 23.4 million female.
The BBS said the number of people outside the labour force grew to 49.5 million in the April-June period of this year, up 4.6 per cent year-on-year.
The latest QLFS showed that the labour force participation rate declined to 59.3 per cent in the second quarter of this year from 60.7 per cent a year ago.