Unemployment up in Armenia due to world economic crisis

The global financial crisis has led to a sharp increase in unemployment in Armenia. The head of the State Employment Service – Sona Harutyunyan informed recently, that the economic situation worsened dramatically at the end of 2008 and job cuts and mass lay-offs took place. The unemployment rate is the highest in Lori and Lyunik regions due to the recession in the mining industry. According to official data by 20 January, 414 people had been…

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