Approximately 250,000 jobs necessary to bring unemployment down

By Phy • May 9th, 2008

An average of 250,000 entered the Cambodian job market every year from 2003 to 2007 while only an average of 150,000 new jobs were created, Sok Hach, director of the Economic Institute of Cambodia (EIC), has told The Cambodia Daily, according to Xinhua.

In 2007, however, only 112,000 jobs were created and the current economic slowdown is expected to further limit the number of annually created jobs, Sok Hach was reported as saying in “Economic slowdown to further limit new jobs in Cambodia” on May 7 (last accessed May 08).

Senior Country Economist Stephane Guimbert of the World Bank said the Bank was working with the Cambodian government to explore ways of creating as many as 250,000 new jobs annually in a bid to combat unemployment in the country.

The Bank would hand its analysis to the government by the end of 2008, he added.

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