The unemployment rate in Albania fell to a record low of 12 percent in the second quarter of 2019 from 12.9 percent in the corresponding period of 2018 and compared to 12.6 percent in the prior quarter. The jobless rate was lower for both men (12.1 percent from 13.5 percent in Q2 2018) and women (11.8 percent from 12.2 percent). Also, the youth unemployment rate decreased to 20.9 percent from 22.6 percent a year earlier and 22.2 percent in the first quarter of 2019. Unemployment Rate in Albania averaged 14.97 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 12 percent in the second quarter of 2019.
Unemployment Rate in Albania is expected to be 11.90 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 11.80 in 12 months time. In the long-term, the Albania Unemployment Rate is projected to trend around 12.10 percent in 2020, according to our econometric models.