Sep 23, 2023 | News
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A symposium entitled: The Iraqi labor market challenges and opportunities

Today on (Sep 23, 2022) in the presence of the  head of departments and lecturer a symposium entitled (The Iraqi labor market challenges and opportunities), was presented by (Dr. Nawar Al-Saadi) from the business administration department , Where it has been explained about

The elements of the labor market are influenced by several factors, including economic, technological, demographic, and social changes. These factors work together to shape the conditions and dynamics that determine the behavior of the labor market. The most important of these factors are:

1. Economic Growth: It can lead to an increase in job opportunities and the expansion of the labor market, as well as investments and new businesses that create more available jobs.

2. Technological Advancement: It can bring about radical changes in the labor market, with some jobs becoming outdated or obsolete, while new jobs are created that require different skills.

3. Education and Skills: They play a crucial role in determining the availability of the workforce, with a shift towards automation and advanced technology requiring advanced skills.

4. Demographics and Population: Changes in population structure affect the supply and demand for labor. An increase in the economically active population can lead to increased pressure on the labor market.

5. Social and Cultural Changes: Shifts in social and cultural preferences can influence the types of jobs in demand. For example, growing interest in environmental issues can lead to an increased demand for jobs in renewable energy.

These factors interact in complex ways to shape the dynamics of the labor market, and understanding them is essential for policymakers, businesses, and individuals as they navigate the evolving world of work.

There are significant challenges facing the Iraqi labor market, as the Iraqi economy's inability to provide adequate new job opportunities to accommodate the large number of unemployed individuals and newcomers to the labor market is one of the most important challenges facing the economy in general. This requires concerted efforts in light of the idle production capacities in the country.

The security instability, which is considered one of the main obstacles to creating a favorable and attractive investment climate for both local and foreign investors, is a critical issue. The creation of job opportunities at an acceptable annual rate does not align with the increasing numbers of the workforce, which necessitates an increase in available resources for investment at rates exceeding those that prevailed in previous decades. This is essential for the economy to achieve a growth rate capable of providing new job opportunities to absorb both newcomers and the existing pool of unemployed individuals who are awaiting employment.

As a result, the current unemployment rate in Iraq significantly exceeds the economic growth rate in the country.

 , At the end of the symposium a set of questions and answers were raised on this subject