Mongolia Unemployment Rate  Forecast


Mongolia Unemployment Rate
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Unemployment Rate in Mongolia is expected to be 9.30 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 8.70 in 12 months time. In the long-term, the Mongolia Unemployment Rate is projected to trend around 7.30 percent in 2020, according to our econometric models.


Mongolia Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 9.1 9.3 8.8 8.9 8.7 7.3
Unemployed Persons 118800 108826 107428 109405 108396 103431
Labor Force Participation Rate 61.1 61.42 61.18 61.54 61.69 61.8
Population 3.12 3.17 3.19 3.2 3.21 3.32
Retirement Age Men 60 60 60 60 60 60
Retirement Age Women 60 60 60 60 55 60
Wages 967 966 963 960 957 930
Wages In Manufacturing 1124 1188 1247 1281 1291 1382
Employed Persons 1190900 1143398 1155756 1197468 1184056 1160695
Employment Rate 55.5 55.48 55.06 55.6 55.97 55.93