Albanian Unemployment Rate Edges Down

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Albania's jobless rate was 11.1% in the second quarter of 2022, down from 11.6% registered in the prior-year period, the country's Institute of Statistics (Instat) said in a statement.

The employment rate among people aged 15 to 64 rose to 64.4% in Q2, from 60.7% in the same period last year, according to data.

In the April-June period, the unemployment rate among men was 10.7%, while among women it was 11.4%.

In a separate report, the Tirana-based statistics agency said that Albania's average gross monthly wage increased by 7% year-on-year to ALL 60,666 (EUR 514.70) in the second quarter of this year, after rising 5.8% in the previous three-month period.

According to Instat, the average gross wage in the public sector amounted to ALL 68,245, while in the private sector it stood at ALL 57,327.

The biggest average wage, ALL 130,872 (EUR 1,131.70), was paid in the financial and insurance sector, while the lowest wage of ALL 40,044 (EUR 346.30) was recorded in the agriculture, forestry and fishing sector. The country's minimum gross monthly wage is set at ALL 32,000 (EUR 276.70).

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