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Vilayat İsmayilov, Nahid Almasov, Sarraf Mirzayev:The Programme of Reduction and
Profilling of Long-Term Unemployment in Azerbaijan

3.1
Long-term unemployment rate, % 2.8
3
2.9

2.7
2.6
2.5
2.4
2.3
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Years

Figure 2. Dynamics of long-term unemployment rate change in Azerbaijan in 2010-
2020.
Source: developed by the authors based on statistical data [httrs://www.Stat.gov.az/
meme/13 /].

According to the ILO-a forecast, the number of unemployed people in the world,
which amounted to 188 million in 2019, will grow by another 2, 5 million this year.
The ILO emphasizes that global unemployment has remained generally stable over
the past 9 years, but slowing economic growth means that while the global labor
force continues to grow, not enough new jobs are being created to take in all those
entering the labor market for the first time. At the same time, the unemployment rate
in the next two years in the world is expected to be approximately the same as in
2019-5,4%. In Azerbaijan, this figure for the corresponding period in 2020 will be
6,5%, and in the United States-7, 9%. According to forecasts of the Ministry of
economic development of Russia, the average annual unemployment rate will reach
5,7% in 2020, 4,9% in 2022, and 4,7% in 2023. According to independent
economists in China and Hong Kong, about 80 million people lost their jobs during
the most severe restrictive measures related to the coronavirus outbreak, and in 2020
the unemployment rate will be approximately 5,8% (Figure 3) [https://take-
profit.org/ statistics/unemployment-rate/united-states/].

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