Employment assuming uptrend in industry and services

Employment grew by 4.3% in the fourth quarter of 2017, compared with the same period a year ago and 0.9% compared to the previous quarter. The Institute of Statistics (INSTAT) released the Labor Force Survey for the 4th quarter of 2017. In annual terms, employment growth is attributed to the main sectors of the economy, such as services where employment grew by 8.4%, followed by that of the industry that recorded an employment growth by 7.3%.

In the agriculture sector, employment declined by 1.5%. In the fourth quarter 2017, the official unemployment rate in Albania, for the population 15 years and over, is 13.4%. Compared to the fourth quarter of 2016, the official unemployment rate decreased by 0.8%. Compared with the third quarter of 2017, the official unemployment rate dropped by 0.2%, “the INSTAT report said. According to INSTAT,A�the employment rate for the population aged from 15 to 64 years increased. During this period, the participation rate in the labor force for this age group is 67.4%. Compared with the fourth quarter of 2016, the participation rate in the labor force is 1.7% higher. Compared to the previous quarter, this indicator has increased by 0.3%.

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