The unemployment rate in Mongolia increased to 11.8 percent in the first quarter of 2019 from 9.7 percent in the corresponding period of the previous year. It was the highest jobless rate since the series began in 1990, as the number of unemployed persons rose by 30.7 thousand to 153.6 thousand while the number of employed increased by 229 to 1,143 thousand. Among genders, the unemployment rate for men was 12.8 percent and for women it was 10.7 percent. The labor force participation rate was at 60.7 percent. Unemployment Rate in Mongolia averaged 6.92 percent from 1990 until 2019, reaching an all time high of 11.80 percent in the first quarter of 2019 and a record low of 2.80 percent in the fourth quarter of 2007.

Unemployment Rate in Mongolia is expected to be 8.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Mongolia to stand at 8.80 in 12 months time. In the long-term, the Mongolia Unemployment Rate is projected to trend around 5.10 percent in 2020, according to our econometric models.

Mongolia Unemployment Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-08-15 08:15 AM Unemployment Rate Q2 7.5% 9.7% 9.2%
2018-11-15 11:00 AM Unemployment Rate Q3 6.9% 7.5% 8.1%
2019-02-15 10:20 AM Unemployment Rate Q4 6.6% 6.9% 8.40%
2019-06-12 09:45 AM Unemployment Rate Q1 11.8% 6.6% 8.5%
2019-08-15 08:15 AM Unemployment Rate Q2 11.8% 8.20%
2019-11-15 11:00 AM Unemployment Rate Q3 8.60%


Mongolia Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.80 6.60 11.80 2.80 percent [+]
Unemployed Persons 153592.00 88907.00 153592.00 75309.00 [+]
Labor Force Participation Rate 60.70 61.90 64.80 59.20 percent [+]
Population 3.24 3.18 3.24 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 1120.30 1031.80 1120.30 60.90 MNT Thousand/Month [+]
Wages In Manufacturing 1183.80 1118.70 1183.80 60.60 MNT Thousand/Month [+]
Employed Persons 1143129.00 1256356.00 1274700.00 852805.00 [+]
Employment Rate 53.50 57.80 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
11.80 6.60 11.80 2.80 1990 - 2019 percent Quarterly




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 13.00 Apr/19
Brazil 12.30 May/19
Argentina 10.10 Mar/19
Italy 9.90 May/19
France 8.70 Mar/19
Euro Area 7.50 May/19
India 6.00 Dec/18
Saudi Arabia 5.70 Mar/19
Canada 5.50 Jun/19
Australia 5.20 Jun/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jun/19
United Kingdom 3.80 May/19
United States 3.70 Jun/19
China 3.67 Mar/19
Mexico 3.50 May/19
Netherlands 3.40 Jun/19
Germany 3.10 May/19
Japan 2.40 May/19
Singapore 2.20 Mar/19
Switzerland 2.10 Jun/19


Related

Latest