The Central Bank of Jordan revealed imbalances in the Kingdom's labor market, warning that unemployment will continue to rise dramatically during the coming period as a result of the country losing tens of thousands of job opportunities due to the new Coronavirus pandemic.
According to the Central Bank of Jordan, the labor market imbalances are mainly due to the limited ability of the Jordanian economy to create sufficient job opportunities to absorb new entrants to the labor market.
The Central Bank revealed the low rates of economic growth and the crowding out of licensed and unlicensed expatriate workers for Jordanian workers in obtaining new employment opportunities and poor alignment between the outputs of the educational system and the needs of the market, as well as the low rate of Jordanian participation in the labor market, which did not exceed 40% at best, especially among females.
The Central Bank called for effective reform measures to be taken to address the unemployment problem, noting the importance of government measures to correct the situation of 110,000 migrant workers and the departure of about 30,000 during last year.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
