The unemployment rate in Albania fell to a new record low of 11.8 percent in the third quarter of 2019 from 12.7 percent in the corresponding period of 2018 and compared to 12.0 percent in the prior quarter. The number of unemployed dropped by 2 thousand to 70 thousand and the number of employed rose by 10 thousand to 1.162 million. The jobless rate was lower for both men (11.9 percent vs 13.1 percent in Q3 2018) and women (11.8 percent vs 12.1 percent). Also, the youth unemployment rate decreased to 21.4 percent from 23.2 percent a year ago.
Unemployment Rate in Albania averaged 14.94 percent from 1993 until 2019, reaching an all time high of 22.30 percent in the fourth quarter of 1993 and a record low of 11.80 percent in the third quarter of 2019. This page provides - Albania Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Instituti i Statistikave (INSTAT)
Unemployment Rate in Albania is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Albania to stand at 11.90 in 12 months time. In the long-term, the Albania Unemployment Rate is projected to trend around 11.90 percent in 2021 and 12.10 percent in 2022, according to our econometric models.