The jobless rate in Ukraine decreased to 8.3 percent in the second quarter of 2018 from 9.1 percent in the corresponding period of the previous year. The number of unemployed fell by 144.5 thousand to 1,487.9 thousand and employment rose by 175.6 thousand to 16,531.6 thousand. Among genders, the unemployment rate was lower for woman (6 percent from 6.9 percent in Q2 2017) than for man (10.3 percent from 11 percent). Meanwhile, the employment rate advanced to 57.7 percent from 56.8 percent a year ago and the economic activity rate went up to 62.9 percent from 62.5 percent. In the first quarter of 2018, the jobless rate was higher at 9.7 percent. Unemployment Rate in Ukraine averaged 8.57 percent from 2003 until 2018, reaching an all time high of 10.60 percent in the fourth quarter of 2014 and a record low of 6.30 percent in the third quarter of 2013.
Unemployment Rate in Ukraine is expected to be 9.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Ukraine to stand at 8.70 in 12 months time. In the long-term, the Ukraine Unemployment Rate is projected to trend around 8.20 percent in 2020, according to our econometric models.