First the good news: unemployment has dropped from 4% to 3.3% and will be further reduced to 2.5% by 2013. The prime minister announced the good news in his State of the Nation report last year. The government reiterated the good news in January this year, during a review of the project Accelerating Bhutan’s Socio-economic Development.
Now the not-so-good news: the government’s unemployment figures have been questioned, forcing them to “… refute allegations that the data they used to indicate drop in unemployment rate for 2010 was manipulated”.
And finally the bad news: more than 6000 people applied for the 307 job vacancies that a hydropower project recently announced.