World Economy

Iran's Job Market Crumbles Amid War, Sanctions Squeeze

Military conflict and international sanctions are compounding economic pressures across Iran's labor market. Official unemployment stands at 9%, though independent analysts report significantly higher actual joblessness rates. Job-seeking portal Jobvision recorded a 50% surge in resume submissions during late April alone, underscoring desperate competition for scarce positions. Inflation has spiked dramatically, raising prices for fuel, food and housing. Workers have exhausted primary employment options and are now losing secondary income sources as sanctions tighten further. Alireza Mahjoob, head of Iran's Workers House, acknowledged in May that unemployment exceeded official projections, stating the crisis threatens the nation's working class. Many households are borrowing to cover basic expenses and postponing major financial decisions.