Iraqi Unemployment Falls to 16%

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Iraq’s Minister for Planning and Development Cooperation, Ali Yusuf Al Shukri, has announced unemployment in Iraq of about 16%, with a poverty rate of about 11%, according to Alsumaria TV.
“Poverty and unemployment rates are decreasing in Iraq after Iraqi GDP improved and investment in constructions and services projects increased,” Shukri told the news agency, stressing that unemployment decrease resulted from creating new job opportunities.
He said the Planning Ministry is also preparing a database of companies that are falling behind in existing service and construction projects, and these companies and their directors will be barred from future projects.
(Source: Alsumaria TV)