Albanian Unemployment Rate Falls in Q1
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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.
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