Much of Armenia’s job market remains in the shadows as an unofficial labour exchange continues to flourish
Published:
20 November 2004 y., Saturday
Yerevan’s “black employment exchange” in the heart of the city pulses with life early in the morning. Middle-aged men carrying materials for the painting and building trades rub shoulders with younger men who are busily making deals.
These young men are the brokers who run most of the business in the market, getting here by six or seven in the morning. By eight, most of the qualified workers have been snapped up and it is only the unskilled labour that remains.
The market has existed since Soviet times, when the authorities tolerated its presence even though it was strictly illegal. That remains the situation now, with the Armenian government turning a blind eye to a market that continues to do business because unemployment is high.
Job-seekers say they came here because looking for work through the official labour exchanges can be very hard.
According to a recent report from the Armenian National Statistics Agency, nine per cent of working-age Armenians - 112,000 people – are unemployed.
Šaltinis:
iwpr.net
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Bank DnB NORD A/S increasing its holdings in its Lithuanian subsidiary to 99.84 percent through acquisition of shares from minority shareholders.
more »
AB Bank SNORAS will grant LTL 35 million for financing the small and medium businesses on the exclusive conditions.
more »
Rejecting survival plans from both General Motors and Chrysler, President Barack Obama warned the ailing US automakers they could be forced into bankruptcy if they don't find a way to slash their debt.
more »
Prevailing wisdom says when the going gets tough the weary go drinking. The demand for beer exceeds the demand for all other alcoholic beverages in USA.
more »
Things have been moving slowly for Swiss watchmakers in recent months. The global economic downturn has hit the country's third most important industry hard.
more »
The move came a day before the U.S. government was due to outline new steps to help GM and Chrysler as part of the federal bailout.
more »
With the European year of creativity and innovation in full swing, leading figures warn against cutting back on research and development in times of crisis.
more »
Wall Street has been looking for signs of a bullish comeback, and today's surprise news on the economic front revived a buying spree... started by Monday's 7% rally.
more »
With the economic crisis eating away at public finances, budget deficits in five countries are expected to exceed the 3% of gross domestic product allowed by the EU.
more »
China is calling for a new global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis.
more »