Labor Force Participation Rate in Mongolia increased to 60.70 percent in the fourth quarter of 2019 from 60.10 percent in the third quarter of 2019.

Labor Force Participation Rate in Mongolia averaged 61.65 percent from 2006 until 2019, reaching an all time high of 64.80 percent in the third quarter of 2006 and a record low of 59.20 percent in the second quarter of 2008. This page provides - Mongolia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Labor Force Participation Rate - values, historical data and charts - was last updated on July of 2020.

Labor Force Participation Rate in Mongolia is expected to be 62.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Mongolia to stand at 62.50 in 12 months time. In the long-term, the Mongolia Labor Force Participation Rate is projected to trend around 62.50 percent in 2021, according to our econometric models.

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Mongolia Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
60.70 60.10 64.80 59.20 2006 - 2019 percent Quarterly

Mongolia Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.10 9.90 11.80 2.80 percent [+]
Unemployed Persons 105139.00 126582.00 153592.00 75309.00 [+]
Labor Force Participation Rate 60.70 60.10 64.80 59.20 percent [+]
Population 3.24 3.24 3.24 0.96 Million [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]
Retirement Age Women 55.00 55.00 55.00 55.00 [+]
Wages 1166.40 1161.20 1166.40 60.90 MNT Thousand/Month [+]
Wages In Manufacturing 1195.70 1187.40 1196.80 60.60 MNT Thousand/Month [+]
Employed Persons 1188440.00 1155945.00 1274700.00 852805.00 [+]
Employment Rate 55.70 54.20 60.30 52.80 percent [+]


Mongolia Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.