The overall unemployment figures dropped from 2.9% in 2013 to 2.4% today. However, youth unemployment, which was 9.6% in 2013 has risen slightly to 10.6%. This is on account of the increasing number of students completing school. In the past five years, 76,000 students completed school and entered the workforce. During the same period, 74,000 new jobs were created in the civil service, corporations, armed forces and the private sector. The Ministry of Labor and Human Resources directly facilitated the employment of 32,000 youth.
About Nu 1.2 billion was spent to support various employment schemes such as the direct employment scheme, apprenticeship training program, university graduates internship program, pre-employment engagement program and overseas employment scheme that benefited 27,000 youth. Further, to diversify the country’s economy and to create attractive jobs for our youth, nine State Owned Enterprises were established, creating 5,500 more jobs. These companies still have 500 vacancies.
Around 8,200 jobs were created in the dzongkhags, mainly through the development of cottage and small industries and agriculture cooperatives.