Wednesday, September 25 2024 11:04
Naira Badalian

Some 107,000 new job registered in Armenia over last 3 years 

Some 107,000 new job registered in Armenia over last 3 years 

ArmInfo. In July 2024, the number of registered jobs in Armenia amounted to more than 759  thousand. Compared to July 2021, the figure has increased by about 107 thousand or 16%. 

Only a small part of them is the result of the reduction of the  shadow, the rest are new jobs. This is the opinion of the head of the  ACSES analytical center Haykaz Fanyan. As the economist pointed out,  the leaders in relative growth are information technology (53%),  construction (52%), culture, entertainment and recreation (43%). A  decrease was recorded in the public administration sector (-2%).

The largest contribution to the increase in the number of jobs was  made by trade (2.6 percentage points or 16,846 new jobs),  construction (1.9 percentage points or 12,603 new jobs) and industry  (1.8 percentage points or 11,709 new jobs).

"The structure of our economy is such that the vast majority of the  population feels the economic growth due to the creation of new jobs  and increased wages, while a small part of these new jobs are  occupied by foreigners. And the largest contribution to the growth of  jobs was made by 4 sectors: trade, construction, industry and IT  services, almost all of which, except for construction, were strongly  influenced by the so- called