Over 50,000 garment workers unemployed in a year
Over 50,000 garment workers unemployed in a year

The garment sector, which played a key role in driving Bangladesh into large-scale exports, is now facing multiple crises. At least 76 garment factories have closed in the past year, and over a hundred others are on the brink of closure. Industry insiders attribute the closures to various...

No hope on the horizon
No hope on the horizon

From business leaders to ordinary citizens, everyone in Bangladesh is feeling the weight of an escalating crisis. As Abu Ahmed, a former professor at Dhaka University, put it, There is no good news for the common people. Only desperation is growing. More than five and a half months have passed...

Considering alternatives to manufacturing is a miscalculation
Considering alternatives to manufacturing is a miscalculation

The manufacturing sector has long been the backbone of Bangladeshs economy, fueled by affordable gas and low-cost labor. These factors enabled rapid industrial growth despite the countrys significant investment challenges, including high infrastructure costs and elevated bank interest rates....

Unemployment in Bangladesh reaches 2.66 million
Unemployment in Bangladesh reaches 2.66 million

New data reveals a small increase in the number of unemployed individuals in the country. In the July-September quarter of 2024, 2.66 million people in the workforce were jobless. The Bangladesh Bureau of Statistics (BBS) provided this information in its Quarterly Labor Force Survey for the...

Factories closing, stagnation in investment
Factories closing, stagnation in investment

With a growing number of factory closures, Bangladeshs economic outlook is becoming increasingly uncertain; also stagnant investment is signaling a broader crisis. Private sector credit has hit a 42-month low, while rising interest rates and a faltering business environment have dampened both...

50,000 Beximco workers lose jobs, living in despair
50,000 Beximco workers lose jobs, living in despair

The sudden closure of Beximco Groups factories has plunged approximately 50,000 workers into unemployment, leaving them in dire straits. This abrupt job loss has not only affected the workers but also the local landlords, service providers, and shopkeepers who depended on their patronage. In the...

Unemployed over crore as pseudo-unemployment not coming into account
Unemployed over crore as pseudo-unemployment not coming into account

According to the estimation of Bangladesh Bureau of statistics (BBS), the total number of unemployed people people from April to June this year was 26 lakh 40 thousand. In the first quarter of the year, the number was 25 lakh 90 thousand. In this land of 17 crore people this rate of unemployement...

28% of NU graduates unemployed
28% of NU graduates unemployed

A recent study reveals that the unemployment rate among graduates from National University-affiliated colleges is 28.24%. The research also highlights that many of these graduates are employed in low-paying jobs, with women and rural students experiencing significantly higher unemployment rates....

Prolonged closure of Sylhet 'Stone Quarries' pushes thousands into unemployment
Prolonged closure of Sylhet 'Stone Quarries' pushes thousands into unemployment

Thousands of workers face dire circumstances as the ongoing closure of Sylhets major stone quarriesBholaganj, Jaflong, and Bichnakandicontinues, despite a recent High Court ruling permitting extraction through traditional methods. The quarries, once vibrant hubs of economic activity, have been...

What lies ahead for the youth?
What lies ahead for the youth?

A survey by the private organization Youth Matters reveals that 42% of Bangladeshi youth aspire to move abroad. Is this number surprisingly low or high? It likely depends on the demographic surveyed. If the sample included youth from both urban and rural areas, the figure might be representative....

Govt plans to integrate 'Three Zero' theory with SDG activities
Govt plans to integrate 'Three Zero' theory with SDG activities

The government is exploring the incorporation of the Three Zero theory, developed by Nobel Laureate Professor Muhammad Yunus, to help achieve the Sustainable Development Goals (SDGs). According to government policymakers, applying this theory at both public and private levels could significantly...

UK believes weight loss drug could ease unemployment
UK believes weight loss drug could ease unemployment

Weight loss drugs including Wegovy and Ozempic have been hailed worldwide as revolutionary for medicine. In the United Kingdom, the government is hoping they might also improve public finances, eyeing their use to help unemployed people re-enter the workforce and ultimately save money on health...

CA for building “World of Three Zeros”
CA for building “World of Three Zeros”

Chief Adviser Professor Muhammad Yunus has delivered a compelling call to action for world leaders to build a World of Three Zeros, a world free from poverty, unemployment, and net carbon emissions, reports BSS. He made the call in a video message played at the G20 Social Summit held in Rio de...

Those creating jobs are the ones facing harassment: Mintoo
Those creating jobs are the ones facing harassment: Mintoo

Former president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Abdul Awal Mintoo, said that those striving to create employment in the country through investment are the ones facing harassment, despite their significant contributions to the economy. There are two...

Govt to boost rural employment with new projects
Govt to boost rural employment with new projects

The interim government has initiated new development projects and plans to amend and refine the ongoing projects aiming at injecting fresh capital into rural areas, reports UNB. In an effort to revitalize rural economies and generate employment, the move comes as the government acknowledges the...