ArmInfo. In Q1 2021, the unemployment rate in Armenia decreased to 17% from 19.7% in Q1 2020 (against 21.5% in the same period of 2019). This is evidenced by the data of the RA Statistical Committee.
At the same time, according to statistics, the employment rate in the country increased in the Q1 2021 to 46.6% from 45.1% in Q1 2020 (against 44.9% in the same period of 2019). According to the source, as of April 1, 2021, the number of employed population reached 943.8 thousand people (with a decline of 0.2%), and there were 193 thousand unemployed people as of the reporting date, which is 17.1% less than a year ago.
More recent data - for May 2021, indicate that 90.4 thousand people were in search of job, of which more than 62 thousand people were unemployed, and according to both indicators, y-o-y growth was recorded by 4.1% and 2%, respectively. Moreover, there are much more women among job seekers - 59 thousand (with a y-o-y growth of 3.8%) than men - 31.3 thousand (with a y-o-y growth of 4.6%). And the same situation among the unemployed people: there are 40.2 thousand women (with a y-o-y growth of 0.7%), and- 21.7 thousand men (with a y-o-y growth of 4.5%).
In May 2021, the demand from employers for labor decreased by 36.4% per annum - to 1,910 people, which in turn significantly increased the load on 1 vacancy - 1.6-fold to 47 people. In the reporting month, 779 citizens managed to find a job (a y-o-y growth of 1.3-fold) or 0.9% of the total number of job seekers. Of the number of people employed: 274 are men y-o-y growth 1.4-fold), and 505 -women (y-o-y growth 1.3-fold).
To note, according to the forecast of the Central Bank of Armenia for 2021, updated in June, the unemployment rate in Armenia will decrease to 17.9% (from the actual 18.1% in 2020), and in the medium term, will approach 17.2%, decreasing by 0.3-0.4 percentage points per annum. And the World Bank, in its March updated forecast, indicated that the poverty rate among the widest segment of the insecure residents in Armenia, who are able to spend no more than $ 5.5 per day on themselves daily, will amount to 48.3% in 2021 (against an estimated 51.7%). % in 2020) and will decrease to 45% in 2022.
