Monday, November 6 2017 15:05
Alina Hovhannisyan

The unemployment rate in Armenia fell to 17.8% by July 1, 2017, from 18.4% a year ago

The unemployment rate in Armenia fell to 17.8% by July 1, 2017, from  18.4% a year ago

ArmInfo. By July 1, 2017,  the unemployment rate in Armenia decreased from 18.4% to 17.8%  year-on-year. The number of registered unemployed in Armenia by  October 1, 2017 reached 73.6 thousand with an annual decline of 7%,  against a decline of 0.8% in the same period in 2016. Of this number,  49 thousand were found (with an annual decline of 8.3%), and men -  24.6 thousand (with an annual decline of 4.3%), according to Armenian  National Statistics data. 

As of October 1, only 671 citizens or 0.8% of the total number of job  seekers in Armenia have been employed, which is 17.7% less than the  figure of a year ago. In search of work by October 2017  there were  88.6 thousand people, with an annual decline of 7.8%. According to  the number of unemployed, the first place is occupied by Shirak Marz  - 13.2 thousand, followed by Yerevan - 11.2 thousand, Lori Marz- 9.4  thousand, Kotayk Marz - 8.6 thousand and the top five "leaders" is  Ararat Marz - 6.5 thousand.

Before October 1, 2017, employers submitted applications for 2399  jobs to employers' agencies (annual growth of 8.2%) with a load of 1  vacant place in 37 people (a decline of 14% per annum).

To note, according to the updated forecast of the Central Bank of  Armenia, the unemployment rate in 2017 will be 17.9%, which is 0.2  percentage points higher than the previous bar. In the medium term,  against the background of expected economic growth rates (2017 -  3.9-4.8%, 2018 - 2.8-4.2%, 2019 - 3.2-4.8%), the Central Bank  forecasts an annual decline in unemployment by 0,3-0.5 percentage  points.

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