Unemployment Rate In Sri Lanka Is On the Increase-Central Bank

The Unemployment Rate in Sri Lanka has sharply increased by 0.4 percent during last year (2013) when comparing to the Unemployment Rate of  previous year(2012) according to the Central Bank Reports.the 4% unemployment rate reported from  2012 has been increased to 4.4% last year the report has indicated.

According to the Central Bank the main cause behind the increasing of country's unemployment rate is due to the  large number of new employment seekers who are entering  the job market annually
.the total number of  unemployed persons  reported  in Sri Lanka at the end of the year 2013 is 0.384 million a 0.048 million increase than  the previous year(2012) which stands as 0.336 million.