The level of unemployment in Albania decreased at the lowest level during the last three years, on the third quarter of the year. Meanwhile, for the same period, in Albania were open 18.600 new jobs. These optimistic data were given from the Institute of Statistics in Albania (INSTAT). It informed that during the third quarter of 2016, the employment rate is 57.1 %, having an increasing trend.
Compared to the same quarter of 2015, employment increased with 8.5 %. Compared to the second quarter of this year, employment increased with 2.9 %.
“In the third quarter of 2016, the official unemployment rate in Albania is 14.7 %. Compared to the second quarter of 2016, the official unemployment rate decreased with 0.8 percent. Compared to the third quarter of 2015, the official unemployment rate decreased with 2.5 percentage points. In the third quarter of 2016, the labor force participation rate is 67.3 %. Compared to the third quarter of 2015, the labor force participation rate is 2.6 percent higher,” informed INSTAT.
Referring to the data of INSTAT, employment growth rate by main sectors of economy, from the second quarter of 2016 to the third quarter of 2016 is: 5.1 % in the industry sector, 2.5 % in the services sector and 2.3 % in the agriculture sector.
“In annual terms, employment for the population 15 years old and over increased with 8.5 %.
Employment in industry sector increased with 13.6 % and in the services sector increased with 8.2 %. Increase in the number of employed in annual terms had also the agriculture sector with 7 %,” INSTAT underlines.