Employment has undergone a positive trend month by month. According to the Quarterly Labor Force Survey, released today by INSTAT, the country’s unemployment rate reaches its lowest historical level at 11.5%. The official unemployment rate decreased by 0.9 percentage points as compared to the second quarter of 2018, while in the first quarter 2019, the official unemployment rate decreased by 0.6 percentage points.
In the second quarter of 2019, the employment rate for the population aged 15-64 turned out to be 61.4%, estimated as the highest in the region by international institutions such as the World Bank, IMF, European Commission, etc.
During this quarter, compared to the same quarter in 2018, the total number of employees increased by 3.4% and compared to the first quarter of 2019, this indicator increased by 2.1%.
It is worth mentioning that the official youth unemployment rate shows a downward trend which is 1.7 percentage points lower compared to the second quarter of 2018, while it decreased by the first quarter of 2019 to 1.3 percentage points.
The Minister of Finance and Economy, Anila Denaj, assessed it is good news for the economy. Employment growth has been noted in the sectors of agriculture, commerce, support services, IT and telecommunications. The report released today by INSTAT once again showed the effectiveness of the policies pursued by the government in favor of sustainable economic development and employment promotion.