Mongolia Unemployment Rate - Forecast

Unemployment Rate in Mongolia is expected to be 8.10 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 8.20 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.


Forecast Data Chart
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Mongolia Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 7.5 8.4 8.5 8.2 8.6 8.3
Unemployed Persons 104100 118000 120900 121200 119900 120000
Labor Force Participation Rate 61 61.7 62.1 62.3 62.5 62.5
Population 3.18 3.23 3.25 3.25 3.25 3.28
Retirement Age Men 60 60 60 60 60 60
Retirement Age Women 55 55 55 55 55 55
Wages 1026 1015 1040 1055 1063 1110
Wages In Manufacturing 1164 1150 1084 1099 1083 1250
Employed Persons 1274700 1220000 1234000 1247000 1254000 1300000
Employment Rate 56.4 56.3 55.4 55.3 55.7 55.5