Mongolia Labor Force Participation Rate

Labor Force Participation Rate in Mongolia increased to 60.80 percent in the second quarter of 2019 from 60.70 percent in the first quarter of 2019. Labor Force Participation Rate in Mongolia averaged 61.70 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.

Labor Force Participation Rate in Mongolia is expected to be 62.50 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 62.10 in 12 months time. In the long-term, the Mongolia Labor Force Participation Rate is projected to trend around 62.50 percent in 2020, according to our econometric models.

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Mongolia Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	10.10	11.80	11.80	2.80	percent	[+]
Unemployed Persons	131100.00	153592.00	153592.00	75309.00		[+]
Labor Force Participation Rate	60.80	60.70	64.80	59.20	percent	[+]
Population	3.24	3.18	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	1161.20	1157.90	1161.20	60.90	MNT Thousand/Month	[+]
Wages In Manufacturing	1196.80	1183.80	1196.80	60.60	MNT Thousand/Month	[+]
Employed Persons	1162200.00	1143129.00	1274700.00	852805.00		[+]
Employment Rate	54.60	53.50	60.30	52.80	percent	[+]

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. This page provides - Mongolia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Labor Force Participation Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	60.80	60.70	64.80	59.20	2006 - 2019	percent	Quarterly

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Country	Last		Previous	Range
United Kingdom	79.00	Jul/19	79.2	79.3 : 74.1	%
France	72.00	Jun/19	72.2	72.3 : 69.5	%
Netherlands	71.30	Sep/19	71.2	71.3 : 67.4	%
Indonesia	69.20	Dec/18	69.02	69.21 : 57.14	%
Switzerland	68.40	Jun/19	68.3	68.8 : 66.8	%
Russia	67.90	Jun/19	67.6	70.3 : 64.2	%
Singapore	67.70	Dec/18	67.7	68.3 : 55.3	%
Australia	66.10	Sep/19	66.2	66.2 : 60.1	%
Italy	65.80	Jul/19	65.7	65.9 : 61.6	%
Canada	65.70	Sep/19	65.8	67.7 : 61.4	%
South Korea	63.50	Sep/19	63.3	64.2 : 48.5	%
United States	63.20	Sep/19	63.2	67.3 : 58.1	%
Japan	62.30	Aug/19	62.1	74 : 58.5	%
Brazil	62.10	Aug/19	62.1	62.1 : 60.8	%
Germany	61.60	Jun/19	61.5	61.8 : 56.9	%
Mexico	60.40	Aug/19	60.5	61.47 : 58.18	%
South Africa	59.80	Jun/19	58.8	60.8 : 53.6	%
Spain	58.74	Jun/19	58.35	60.55 : 48.88	%
Saudi Arabia	57.90	Jun/19	56.4	57.9 : 47.8	%
Euro Area	57.30	Jun/19	57.1	57.4 : 55	%
Turkey	53.10	Jul/19	52.9	53.5 : 43.9	%
India	49.80	Dec/18	50.4	63.7 : 49.8	%
Argentina	47.70	Jun/19	47	47.7 : 44.5	%