Albania unemployment falls in Q1
Photo by Janusz Pienkowski / Shutterstock.com
Albania’s jobless rate dropped to 11.4% in the first quarter of 2020, from 12.1% in the prior-year period, the country’s Institute of Statistics (Instat) reports.
Photo by Janusz Pienkowski / Shutterstock.com
The employment rate among people aged 15 to 64 rose to 61.4% in the period under review, from 60.3% in the first quarter of 2019. In the January-March period, the unemployment rate among men was 11%, while among women it was 11.9%. During the first quarter, the unemployment rate among people aged between 15 and 29 dropped to 20% from 22.2% a year earlier.
In a separate statement, the Tirana-based statistics agency said, that average gross monthly wage in Albania increased by 3.3% year-on-year to ALL 53,232 (EUR 429) in the Q1, after rising 2.2% in the previous quarter.
The average gross wage in the public sector amounted to ALL 63,116, while in the private sector it stood at ALL 48,272. In the January-March period, the biggest average monthly wage, ALL 104,985, was paid in the financial and insurance sector, while the lowest wage of ALL 33,850 was recorded in agriculture, forestry and fishing, Instat added.
Lenders' Home Loan Outlays at HUF 344 bln in H2 2023
EC Calls on Hungary to Comply With CJEU Ruling on Asylum See...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
