Unemployment Rate in Mongolia decreased to 8.40 percent in the second quarter of 2021 from 8.80 percent in the first quarter of 2021. source: National Statistical Office of Mongolia

Unemployment Rate in Mongolia averaged 7.11 percent from 1990 until 2021, 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. This page provides - Mongolia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Unemployment Rate in Mongolia is expected to be 8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Unemployment Rate is projected to trend around 7.50 percent in 2022 and 7.00 percent in 2023, according to our econometric models.

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Mongolia Unemployment Rate

Calendar GMT Actual Previous Consensus TEForecast
2020-02-17 09:00 AM Q4 8.1% 9.9% 9.00%
2021-02-18 09:00 AM Q4 7.6% 7.3% 8.5%

Mongolia Last Unit Reference Previous Highest Lowest
Unemployment Rate 8.40 percent Jun/21 8.80 11.80 2.80
Unemployed Persons 101278.00 Jun/21 101161.00 153592.00 75309.00
Labor Force Participation Rate 56.80 percent Jun/21 54.90 64.80 54.90
Population 3.27 Million Dec/20 3.24 3.27 0.96
Employment Rate 52.10 percent Jun/21 50.10 60.30 50.10
Employed Persons 1105720.00 Jun/21 1054889.00 1274700.00 852805.00
Wages In Manufacturing 1302.20 MNT Thousand/Month Mar/21 1256.80 1302.20 60.60
Wages 1314.90 MNT Thousand/Month Mar/21 1328.10 1328.10 60.90

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.