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The unemployment rate in Albania is falling, according to INSTAT, this is a historical record

2023-12-12 12:26:49Biznes SHKRUAR NGA REDAKSIA VOX

The unemployment rate in Albania is falling, according to INSTAT, this is a

The unemployment rate in Albania decreased to 10.5% in the third quarter of 2023, registering a historical minimum record.

According to INSTAT data, the official unemployment rate decreased by 0.03 percentage points, compared to the third quarter of 2022, and by 0.2 percentage points, compared to the second quarter of 2023.

The official unemployment rate for men is 10.1% and for women 11.1%. Compared to the same quarter of 2022, the unemployment rate increased by 0.2 percentage points for men and decreased by 0.2 percentage points for women.

Although unemployment has fallen nationally, it has increased among young people. According to INSTAT, the official unemployment rate for young people aged 15-29 is 22.0%. Compared to the third quarter of 2022, the youth unemployment rate has increased by 1.6 percentage points. Compared to the second quarter of 2023, this indicator has decreased by 0.3 percentage points.

The unemployment rate for the 30-64 age group is 7.6%. In annual terms, this indicator has decreased by 0.1 percentage points and compared to the previous quarter there is a decrease by 0.1 percentage points.


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