Unemployment rate in Albania amounts to 18%

Unemployment rate in Albania amounts to 18%

IBNA Analysis/A full picture with all the figures and comparisons of the level of unemployment and the process of employment in Albania

Tirana, March 12, 2015/Independent Balkan News Agency

By Edison Kurani

The official rate of unemployment has been published in Albania. Unemployment rate amounts to 18% of the labor force from the age of 15 to the age of 64.

The Institute of Statistics confirms the figure and says that there’s been a 1% increase of unemployment, from 17,1% at the end of 2013, unemployment amounted to 18% at the end of 2014.

INSTAT says that “the number of employed people aged 15-64 is 1.039.336 people and the number of unemployed people aged 15-64 is 227.409 people”.

For young people aged 15-29, unemployment rate at the end of 2014 amounted to 33.9% as opposed to 28.3% at the same period in 2013.

Meanwhile, 63.6% of population aged 15-64 is active in the labor market, employed or looking for a job.

The level of employment for the population aged 15-64 is 52,1%.

Compared to the fourth quarter of 2013 for the population aged 15-64:

Number of employed people has gone up by 82,629 people.

The number of unemployed people has risen by 30,459 people.

The number of people aged 15-64 outside the labor market has fallen by 105,113.

According to INSTAT, unemployed men exceed unemployed women by 13,8%.

The rate of unemployment for women has gone up by 1,5%, while for men it has gone down by 13,8%.

Rate of unemployment for women has gone up by 1,5%, while for men it has gone down by 0,5%.

During the fourth quarter of 2014, 41,8% of employed people have been engaged in the agricultural sector and 22,5% of employed people work in trade (wholesale and retail; car repairs; hotels and restaurants; transport, storing and communication; monetary and financial brokering; real estate).

Employment in non trade sector (public sector and defence; obligatory social securities, education; health and other social activities; other activities of collective service; social and individual; domestic services; activities of international organizations) consists of 17,1% of total employment. People employed in the processing industry make up for 9,3% of employed people.

Employment growth rate according to sectors from the third quarter to the fourth quarter of 2014 is 9% in the processing industry; 1,6% in construction. There was a fall of the number of employed people in agricultural in agricultural activities by 3,1% in the processing industry and 4,3% in energy and water.

In annual terms, employment went up by 8,5% (compared to the fourth quarter of 2013). Processing industry, trade services and construction sector saw the largest growth of employment with 27,4%, 14,8% and 14,6% respectively.

Employment

During the fourth quarter of 2014, employees on a salary occupy 42,3% of the total number of employed people. Self employed (employers or self employed without employees on salary) make up for 27,5% of the general number of people employed, while unpaid house workers make up for 30,2% of total employment.

Employment rate (age group 15-64 years old) is higher for people who have a professional education (65,5%), followed by those with university education (64,9%).

Figures show that the percentage of employees on a salary is higher for people with university education and the opposite is noticed on employees who have only completed 8/9 grade education, which is dominated by unpaid house workers.

If we analyze employed people who have only completed high school, the level of employment is higher for those who have completed professional high schools than those who have completed general high schools, namely 65,5% and 45,5%.

One in five people who are employed aged 15-64 years old are on a salary, while half of them are unpaid house workers and one third are self employed.

The percentage occupied by employed people on a salary goes up with the increase of education. 86,7% of people who have university education are employed on a salary and only 3% are unpaid house workers. Among employed people with middle school professional education and general high school education, the percentages that employed people occupy are 48,2% and 49% respectively.

Unemployment

During the fourth quarter of 2014 in Albania, the number of people aged 15-64 who are actively looking for a job is 227.407 people.

Unemployment rate for the population aged 15-64 is 18%. For this age group, the rate of unemployment is higher among men than women, respectively 19,4% and 16,1%.

Compared to the third quarter of 2014, in the fourth quarter there’s an increase of unemployment of 0,6%. For men, unemployment rate has seen a slight fall of 0,2%, while for women there’s an increase of 1,6%.

Unemployment rate for people with general high school education is 24,3% or 6,3% higher than the national average. Unemployment rate among people with a university education is 19,8%.

For people with professional education and those with a 8/9 grade education, unemployment rate is 13,9 and 14,5% respectively. During the fourth quarter of 2014, for young people aged 15-29, unemployment rate is 33,9%.

Compared to the previous quarter, the rate of unemployment for young people went up by 1,5%. For the age group 30-64, in the fourth quarter of 2014, unemployment rate is 12,8%.

The Survey of Labor Force shows that as far as the job seeking methods are concerned, 87,5% of unemployed people address to their relatives or friends to find a job. This method is also combined with direct applications to an employer (47,1%), publishing announcements on newspapers and reading about vacancies on newspapers, etc.

During the fourth quarter of 2014, people who were looking for their first job occupied 59,9% of unemployed job seekers.

People who are not seeking a job

During the fourth quarter of 2014, the number of people aged 15-64 outside the labor market and who are not looking for a job or who are not ready to work (economically inactive population) is 726.231.

Compared to the third quarter of 2014, the number of economically inactive people has been reduced by 12,6%.

Population aged 15-64 years old classified as economically inactive makes up for 36,4% of the population able to work.

During the fourth quarter of 2014, 20,2% of economically inactive population aged 15-64 is fulfilling domestic obligations.

INSTAT data show that 11,9% of the economically inactive population aged 15-64 are retired, while 9,4% are permanently disabled.

Meanwhile, 11,5% of economically inactive people aged 15-64 are discouraged unemployed people.

Young people aged 15-29 who claim to be students or in training make up for 64,8% of young people economically inactive. Among young people aged 15-29 economically inactive, 9,1% are classified as discouraged unemployed people, while with the age group 30-64, this group consists of 14,3% of the economically inactive population of this aged group. /ibna/