Creating Domestic Employment

Annually, about half a million workforce enters our labour market. This is the supply side. On the demand side, not more than 100,000 of them get some type of employment at home, owing to limited economic activities. This excess supply of labour has been creating unemployment problem in the country. The government has been attempting to overcome this problem by allowing its youth and productive population to go abroad for work. With the global control of COVID-19, in the last fiscal year alone, about 771 thousand labour permits were issued by the Department of Foreign Employment. This figure is more than the annual entry of youth in our labour market, indicating the accumulation of unemployed youth due to COVID-19. About 2500 youth are flying for foreign employment daily.