3. Employment During the past four years, the expansion of investments by micro and small enterprise as well as medium- and large-scale industries has resulted in the creation of significant number of job opportunities. In 2012/13 alone, micro and small-scale enterprises created employment opportunities for over 1.2 million individuals (0.5 million temporary and 0.72 million permanent). In addition large-scale public projects have created employment opportunities for over 797, 995 individuals. Private investments in medium and large manufacturing, including hotels, restaurants, real estate and housing projects are also expected to have created additional job opportunities during the fiscal year under review. Thus the rapid economic growth has resulted in job creation in the country. As a result, in 2011/12 the urban unemployment rate decreased to 17.5 percent from 18.9 in 2009/10. At the same time, even though the economic growth has been creating new job opportunities for citizens, unemployment and underemployment remain critical challenges in Ethiopia. 4. Wellbeing and Poverty Reduction The primary objective of the GTP is reducing poverty in all its dimensions via recording broad based, inclusive, accelerated and sustainable economic growth. In 2011, an impact assessment analysis (Household Income and Consumption Expenditure –HICE) was conducted with the goal to assess the outcome of the overall economic growth on the welfare of the poor. According to the assessment report and related findings, the economic growth that has been registered in the past years has been inclusive, benefiting the citizens at large. Inclusive growth is a concept which advances equitable opportunities for economic participants during the process of economic growth with benefits accruing to every section of society. The socio-economic gains of the progress that has been realized in the past three years improved the income of the citizens, reduced urban unemployment and improved the living standard of the society. The impact of economic growth on the welfare and poverty conditions of the society is explained from the two dimensions of income and non-income. Per capita income has increased from USD 510 in 2011/12 to USD 550 in 2012/13. According to the Household Income and Consumption Expenditure Survey, the proportion of the population living below the poverty line has declined from 38.7 percent in 2004/05 to 29.6 percent in 2010/11, 17