Wednesday, November 10 2021 14:41
Alina Hovhannisyan

Unemployed rate decreased in EAEU countries

Unemployed rate decreased in EAEU countries

ArmInfo.The number of unemployed in the EAEU countries as of October 1 of this year amounted to 1.23 million people, which is almost 70% less than a year  ago. 

This was announced during the briefing by Iya Malkina, Assistant to  the Chairperson of the Eurasian Economic Commission (EEC), referring  to the data registered in the Employment Services of the EAEU  countries. Thus, according to her, the share of the unemployed was  1.3% of the total labor force. Last year, this figure, as noted by  Malkina, was 4.4%.

To note, according to the RA Statistical Committee, in Q2 2021, the  unemployment rate in Armenia decreased to 15% from 15.7% in Q2 2020  (against 17% in Q1 2021).  At the same time, according to statistics,  the employment rate in the country decreased in Q2 2021 to 47.4% from  47.6% in Q2 2020 (against 46.6% in Q1 2021).  According to the  source, as of October 1, 2021, the number of employed population  reached 993 thousand people (with a y-o-y decline of 3.3%).

As of the reporting date, 89.1 thousand people were in search of job  (y-o-y growth of 0.6%), of which 59.5 thousand are unemployed (y-o-y  decline of 1%)

As of October 1, 2021, the demand from employers for labor increased  by 23.9% per annum - to 2,771 people, which in turn reduced the load  on 1 vacancy by 20% to 32 people.

In the reporting month, 983 citizens managed to find a job a y-o-y  decline of 10.1%) or 1.1% of the total number of job seekers.  To  note, according to the forecast of the Central Bank of the Republic  of Armenia for 2021, updated in October, the unemployment rate was  reduced to 15.7% from the previous 17.9% (against the actual 18.1% in  2020)