Mongolia's unemployment rate fell to 6.9 percent in the third quarter of 2018 from 9.1 percent in the same period of the previous year. It was the lowest jobless rate since the third quarter of 2015, as the number of unemployed decreased by 26.4 thousand to 92.4 thousand while the number of employed rose by 48 thousand to 1,238.9 thousand. Also, the participation rate went up to 61.3 percent in the third quarter from 61.1 percent a year ago. Unemployment Rate in Mongolia averaged 6.83 percent from 1990 until 2018, reaching an all time high of 11.60 percent in the first quarter of 2016 and a record low of 2.80 percent in the fourth quarter of 2007.

Unemployment Rate in Mongolia is expected to be 8.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Mongolia to stand at 8.60 in 12 months time. In the long-term, the Mongolia Unemployment Rate is projected to trend around 8.30 percent in 2020, according to our econometric models.

Mongolia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-14 10:30 AM Unemployment Rate 7.3% 9.1% 9%
2018-05-15 08:00 AM Unemployment Rate 9.7% 7.3% 8%
2018-08-15 08:15 AM Unemployment Rate 7.5% 9.7% 9.2%
2018-11-15 11:00 AM Unemployment Rate 6.9% 7.5% 8.1%
2019-02-14 10:30 AM Unemployment Rate 8.4%
2019-05-15 08:00 AM Unemployment Rate 8.5%
2019-08-15 08:15 AM Unemployment Rate 8.2%


Mongolia Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.90 7.50 11.60 2.80 percent [+]
Unemployed Persons 92400.00 104100.00 143548.00 75309.00 [+]
Labor Force Participation Rate 61.30 61.00 64.80 59.20 percent [+]
Population 3.18 3.12 3.18 0.96 Million [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]
Retirement Age Women 55.00 55.00 55.00 55.00 [+]
Wages 1025.60 998.40 1038.90 60.90 MNT Thousand/Month [+]
Wages In Manufacturing 1163.60 1079.90 1163.60 60.60 MNT Thousand/Month [+]
Employed Persons 1238900.00 1274700.00 1274700.00 852805.00 [+]
Employment Rate 57.00 56.40 60.30 52.80 percent [+]


Mongolia Unemployment Rate

In Mongolia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Mongolia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.90 7.50 11.60 2.80 1990 - 2018 percent Quarterly




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.40 Sep/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Oct/18
China 3.82 Sep/18
South Korea 3.80 Nov/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Switzerland 2.50 Nov/18
Japan 2.40 Oct/18
Singapore 2.10 Sep/18


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