Kazakhstan's unemployment rate stood at 4.8 percent in May 2019, unchanged from the previous month. The number of unemployed totaled 442.7 thousand persons last month, while the number of employed was 8771.2 thousand. Unemployment Rate in Kazakhstan averaged 5.64 percent from 2003 until 2019, reaching an all time high of 9.70 percent in March of 2003 and a record low of 4.80 percent in June of 2018.
Unemployment Rate in Kazakhstan is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Kazakhstan to stand at 5.00 in 12 months time. In the long-term, the Kazakhstan Unemployment Rate is projected to trend around 4.90 percent in 2020, according to our econometric models.