Employment in Bangladesh fell by nearly 20 lakh from 2023 to 2024, with another 8 lakh positions expected to vanish in 2025, the World Bank has warned, highlighting a slowdown in job creation and real earnings growth for less-skilled workers.
The report, launched today (25 November) and titled "Bangladesh Poverty and Equity Assessment 2025," notes that labour incomes weakened due to slow job creation and slower real earnings growth for less-skilled workers over 2022-2025.
Women and youth were hardest hit by these job losses, the global lender said in the report.
It added that inflation has outpaced wage growth for the poorest, with 2025 price increases more than double those during the Covid-19 pandemic.
As a result, it said, poverty is projected to have increased from 18.7% to 21.2%, based on microsimulation models that integrate labour market dynamics, remittances and public transfers.
World Bank / Jobs / Bangladesh / Employment