Tuesday, February 12 2019 14:26
Alina Hovhannisyan

In Armenia Unemployment rate decreased for Q2 of 2018 from 20.2% to  20.1%

In Armenia Unemployment rate decreased for Q2 of 2018 from 20.2% to  20.1%

ArmInfo. The unemployment  rate in Armenia, calculated using the new methodology, declined  slightly in the Q3 of 2018 - to 20.1% from 20.2% in the Q2. A year  earlier, in the third quarter of 2017, the unemployment rate in  Armenia was 19.9%. According to the RA Statistics Committee, the new  calculation method does not take into account those employed in the  household.

According to the source, on January 1, 2019 in search of work, there  were 81.7 thousand people, with an y- o-y decline of 5%. Of this  number, 54.1 thousand women turned out (with an y-o-y decline of  4.3%), and 27.6 thousand men (with an y-o-y decline of 6.4%). Number  of officially registered unemployed in Armenia in January-December  2018 amounted to 67.7 thousand, which is 11.7% lower than a year ago.   According to statistical data on January 1, 2019. 865 citizens were  employed (y-o-y growth of 2.2%) or 1.1% of the total number of job  seekers.

As of January 1, 2019, the number of applications from employers was  2,567 (an y-o-y growth of 46.9%) with a load of 1 vacant seat of 32  people (decline of 34.7% per annum).

By the number of unemployed as of January 1, 2019, the leadership is  held by Shirak region - 12.1 thousand citizens, followed by the  capital - 9.1 thousand, Lori region - 9 thousand, Kotayk region - 6.9  thousand, and the top five is Armavir region with the number of  unemployed at 5.8 thousand people

According to the forecast of the Central Bank of Armenia, updated in  November 2018, the unemployment rate for 2018 was revised from the  previous 16.6% to 16.3% (calculated according to the old  methodology).  In the medium term, the Central Bank expects an annual  reduction in the unemployment rate by 0.1-0.2 percentage points - to  15.8%. According to the World Bank's forecasts, the unemployment rate  in Armenia in 2018 will be 18.1%, and the poverty level (at  purchasing power parity - PPP of $ 5.5) will be 38%, and based on PPP  of $ 3.2 will be 9.8%.


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