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(ANSAmed) - AMMAN, JUNE 25 - Jordan ministry of Labour launched a job fair in Amman on hope of securing badly needed jobs for thousands of young unemployed Jordanians, an official said today. The event, Jordan Job Fair and Training Expo 2008, attracted at least 110 companies from financial, services, tourism, education and other sectors and is being co-sponsored between Jordan's government and American aid agency (USAID). Organizers hope at least 15,000 jobless Jordanians will leave the fair with work contract. "This gathering is a good chance for employers and job seekers to meet directly and get better acquainted with the demands of the local labour sector," said minister of Labour Bassem Salem. Jordan, like many oil deprived countries in the region, have taken a full blunt of the increase in fuel prices, leading many industries collapse under strong competition from foreign products that cost less, or provide better quality. The economic slow down lead many lose their jobs, in a country that already suffers from chronic unemployment that ranges between 14 percent to 15, according to official estimates. Independent institutions placed jobless at 27 per cent. "We aim to turn this into an annual event in order to combat unemployment and improve Jordanians' standards of living as envisioned by His Majesty the King," said the minister. (ANSAmed).