The unemployment rate in Moldova declined to 2.2 percent in the third quarter of 2018 from 3.4 percent in the corresponding period of the previous year. It was the lowest jobless rate since the series began in 2000, as the number of unemployed persons fell by 14.2 thousand to 30.4 thousand and the number of employed increased by 113.2 thousand to 1,377.3 thousand. The unemployment rate for men was 2.6 percent and for women it was 1.7 percent. The rate was significantly higher in urban areas (3.5 percent) than in rural areas (1.2 percent). Unemployment Rate in Moldova averaged 6.07 percent from 2000 until 2018, reaching an all time high of 13 percent in the first quarter of 2006 and a record low of 2.20 percent in the third quarter of 2018.
Unemployment Rate in Moldova is expected to be 4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Moldova to stand at 4.20 in 12 months time. In the long-term, the Moldova Unemployment Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.