The unemployment rate in Moldova fell to 4.0 percent in the third quarter of 2019 from 4.5 percent in the previous three-month period. The number of unemployed persons fell by 4.2 thousand to 37.8 thousand and employment rose by 8.8 thousand to 909.8 thousand. The unemployment rate for men was 4.1 percent and for women it was 3.9 percent. The rate was significantly higher in urban areas (4.6 percent) than in rural areas (3.4 percent). Among young people (15-24 years), the jobless rate was recorded at 11.3 percent. Unemployment Rate in Moldova averaged 6.01 percent from 2000 until 2019, reaching an all time high of 13 percent in the first quarter of 2006 and a record low of 2.20 percent in the third quarter of 2018.
Unemployment Rate in Moldova is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Moldova to stand at 2.00 in 12 months time. In the long-term, the Moldova Unemployment Rate is projected to trend around 2.70 percent in 2020, according to our econometric models.