Unemployment Rate in Mongolia decreased to 8.10 percent in the fourth quarter of 2019 from 9.90 percent in the third quarter of 2019.

Unemployment Rate in Mongolia averaged 7.06 percent from 1990 until 2019, reaching an all time high of 11.80 percent in the first quarter of 2019 and a record low of 2.80 percent in the fourth quarter of 2007. This page provides - Mongolia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Unemployment Rate in Mongolia is expected to be 9.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Mongolia to stand at 10.20 in 12 months time. In the long-term, the Mongolia Unemployment Rate is projected to trend around 10.50 percent in 2021 and 7.30 percent in 2022, according to our econometric models.

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Mongolia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.10 9.90 11.80 2.80 1990 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-06-12 09:45 AM Q1 11.8% 6.6% 8.5%
2019-08-16 08:15 AM Q2 10.1% 11.8% 8.20%
2019-11-15 11:00 AM Q3 9.9% 10.1% 9.10%
2020-02-17 09:00 AM Q4 8.1% 9.9% 9.00%
2020-11-16 09:00 AM Q3 9%

Mongolia Unemployment Rate
In Mongolia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.