Unemployment in Albania drops

Unemployment in Albania drops
In Albania, during the fourth quarter of 2017, the employment rate for the population aged from 15 to 64 is 58.2 %. In this quarter, in annual terms, employment for the population 15 years old and over has an increasing trend: compared to the same quarter of 2016, total employment increased with 4.3 %. Whereas, in quarterly terms, total employment increased with 0.9 % compared to the third quarter of 2017.

In the fourth quarter of 2017, the official unemployment rate in Albania, for the population aged 15 years and over is 13.4 %. Compared to the fourth quarter of 2016, the official unemployment rate decreased with 0.8 percentage points. Compared to the third quarter 2017, the official unemployment rate decreased by 0.2 percentage points. In the fourth quarter of 2017, the labour force participation rate for the population aged from 15 to 64 is 67.4 %. Compared to the fourth quarter of 2016, the labour force participation rate is 1.7 percentage points higher. Compared with the previous quarter this indicator increased by 0.3 percentage points.

The data were provided by the Albanian Institute of Statistics (INSTAT). /balkaneu.com/

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