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The crisis boosted wages / Strongest growth since 2019, but unemployment also rose

2023-03-10 21:41:02Biznes SHKRUAR NGA REDAKSIA VOX
The crisis boosted wages / Strongest growth since 2019, but unemployment also
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In the fourth quarter of 2022, the average salary reached 66 thousand ALL, a double-digit increase of 10.8% and the highest since 2019.

According to INSTAT figures, the largest increase occurred in the Agriculture sector with 18.2%, while the smallest occurred in the public administration group with 6.2%.

The sector with the highest average salary in the economy continues to be the financial sector. In the last quarter of 2022, the average salary in this sector reached 142 thousand ALL, with an increase of 16.4% compared to the previous year.

The other sector that has a salary above the level of 100 thousand lek is that of information and communication, with an average gross monthly salary of 103.5 thousand lek, increasing by 14% compared to a year ago.

As for unemployment figures, the statistics institute reports that from the previous quarter to the fourth quarter of 2022 there is a slight increase of 2.5%. But since January 2021, this indicator has come down from 11.8% where it stood and continues to stand at historical minimum levels.

As for employment according to the figures in the last quarter, the biggest increase occurred in the service sector followed by agriculture, while industry comes with a negligible increase of 0.5%.

Another indicator that stands out is the increase in unemployment among young people aged 15-29. This indicator has increased compared to a year ago, but also to the previous quarter, reaching the level of 21.5%./Tch


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