The unemployment rate in Albania decreased to 12.7 percent in the three months to December 2018 from 13.6 percent in the corresponding period of 2017. It compares with 12.7 percent in the previous period, remaining the lowest rate since the last quarter of 2008. The jobless rate was lower for women (12.3 percent from 13.0 percent in Q4 2017) than for men (13.0 percent from 14.1 percent), Also, the youth unemployment rate went down to 22.3 percent from 24.6 percent. The employment rate increased to 60.0 percent from 58.2 percent. Also, the labour force participation rate went up to 68.7 percent from 67.4 percent a year ago. Unemployment Rate in Albania averaged 15.03 percent from 1993 until 2018, reaching an all time high of 22.30 percent in the fourth quarter of 1993 and a record low of 12.10 percent in the fourth quarter of 1996.
Unemployment Rate in Albania is expected to be 12.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Albania to stand at 12.20 in 12 months time. In the long-term, the Albania Unemployment Rate is projected to trend around 12.10 percent in 2020, according to our econometric models.