Albanian Unemployment Rate Falls in Q1

HR

Image by Victoria Labadie / Shutterstock.com

Albania's jobless rate dropped to 10.9% in the first quarter of 2023, down by 0.5 percentage points compared with the same period a year earlier, the Institute of Statistics (Instat) said on Friday.

The employment rate among people aged 15 to 64 rose to 67.1% in the period under review, up 4.4 percentage points from the prior-year period. In the Q1, the unemployment rate among men was 11.2%, while among women it was 11.6%.

During the first quarter, the unemployment rate among people aged between 15 and 29 increased to 22.5%, up by 1.8 percentage points from the same period in 2022.

A separate report from the Tirana-based agency showed that retail sales in Albania increased by a real 4.7% year-on-year in the Q1, accelerating from 3.9% growth rate in the fourth quarter of 2022.

On a quarterly comparison basis, retail sales increased by 0.9% in the January-March period, maintaining the same growth rate as in the previous quarter. 

ADVERTISEMENT

Bourse Turnover Reaches HUF 230 bln in February Figures

Bourse Turnover Reaches HUF 230 bln in February

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Money Motion 2024: The Future of FinTech Unfolds in Zagreb Fintech

Money Motion 2024: The Future of FinTech Unfolds in Zagreb

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.