Iran's Recession and Unemployment to Stay

NCRI - According to former head of Tehran Economics University, the real unemployment rate is several times higher than officially announced and it’s not going to decrease in the near future. Earlier, regime’s labor minister had also announced that the country’s unemployment rate would not decrease in the next few years.

Earlier this year, regime’s Statistics Center announced in its detailed 2016 job market report that the country’s number of unemployed were three millions.

More Than 90% of Iran's Metal Ore Mines Are Shut Down

NCRI - Of the 145 small and medium size active metal ore mines in 2013, only nine remain active, according to the vice president of the Mine Ore Importers/Exporters Association.

“Around 8,000 were employed in the metal ore extraction branch, and their closure has led to at least 5,000 workers becoming unemployed,” according to Iran’s state-run TV/Radio in its interview with Bahram Shakuri.

Iran: Unemployment, poverty forcing young men with Master’s Degrees to dangerous jobs

NCRI - Iran’s mullahs have destroyed the country’s economy and brought nothing but poverty and increasing unemployment. Currently young men and women graduating college with high degrees are forced to even resort to carry heavy loads.

Rival Factions Within Iranian Regime Clash Over Economic Deadlock

NCRI - New US sanctions and an economic deadlock due to financial sanctions and increased regional isolation have intensified the conflicts between regime’s rival bands as well as the attacks made by Khamenei’s guys on Rouhani, particularly following the recent presidential election show.

Addressing Rouhani in this regard, Iranian regime’s MP ‘Mohammad Bagheri’ said “Mr. President! You promised to lift non-nuclear sanctions. Forget about previous sanctions; prevent the new ones through diplomacy.”

Iran State Media Acknowledge Global & Regional Isolation

NCRI - As the faction loyal to Iran’s Supreme Leader Ali Khamenei continues its lashing at regime’s President Hassan Rouhani and his camp over increasing sanctions against the regime, state-run media are acknowledging how Tehran is immersed in mounting isolation and crisis.

Vatan-e Emrooz daily in its May 31st edition referred to three rounds of sanctions, describing US Senate Resolution 722 as a complete and special sanctioning of the Revolutionary Guards (IRGC). The revenue related to Iran’s petrochemical sales in China have been blocked and bank accounts related to Turkey’s Hulk Bank are frozen.

70 Percent of Construction Workers out of Work Due to Iran's Recession in Housing Sector

NCRI - Board member of the so-called High Association of Labor Unions ‘Hadi Sadatai’ has said that recession in housing sector has left 70 percent of construction workers jobless, according to terrorist Quds force’s Tasnim news agency on May 29.

Iran: Playing With Contraband Figures Before Presidential Election

NCRI - $23 billion in smuggled goods enter Iran each year

Estimating the total value of smuggled goods remains a challenging calculation due to its illegal and secretive nature, according to a report wired by the semi-official Fars news agency.

Iran: 75 % of Stone Manufacturing Units Closed, Making 22,000 Jobless

NCRI - Due to regime’s economic policies, more than 75 percent of stone manufacturing units in Tehran have been closed, making 22,000 workers lose their jobs, according to reports.

“Nearly 22,000 workers in this sector have currently lost their jobs”, says a stone manufacturer, “and nearly 75 percent of stone manufacturing units have been closed.”

State media: 300% decrease in foreign investment in Iran

NCRI - The Iranian state-run Vatan daily published a statement on Monday issued by so-called Oil Industry Specialists in an attempt to undermine a recent speech delivered by the Iranian regime’s President Hassan Rouhani.

Vatan, linked to the faction of the Iranian regime’s Supreme Leader Ali Khamenei, said in its report:

Iran news in brief

Iran: Tehran's Iconic High-Rise (Plasco Building) Collapsed Due to Fire

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