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Albania's unemployment rate falls to 12.5% in Q1

Albania's unemployment rate falls to 12.5% in Q1 Author: Office of the prime minister of Albania. Licence: All rights reserved.

TIRANA (Albania), June 11 (SeeNews) – Albania’s unemployment rate dropped to 12.5% in the first quarter of 2018, from 14.2% in the prior-year period, the national statistical office, INSTAT, said on Monday.

The employment rate among people aged 15 to 64 edged up to 59.2 % in the January-March period, from 56.3% in the same period of 2017, INSTAT said in a quarterly report on labour force.

The unemployment rate among men was 12.6%, while among women it was 12,3%.

During the first quarter, the unemployment rate among people aged between 15-29 years dropped to 24.5% from 26.6% a year earlier.

Albania has a population of 2.87 million.

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