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Pandemic blow to the labor market, unemployment rose by 0.4% in the second quarter of the year.

The Covid-19 pandemic had an aggressive impact on the economy of Albania, especially in the second quarter with the application of restrictive measures on the move, but official figures reflecting developments in the labor market show that the negative impact has not been so high.

During the second quarter of 2020, the employment rate for the population aged 15-64 is 59.6%. The annual employment rate for the population aged 15 and over, from the second quarter of 2019 to the second quarter of 2020, is -3.6%. In annual terms, the employment rate decreased by 3.7% in the Agriculture sector, by 3.7% in the industry sector and by 3.4% in the services sector. Compared to the previous quarter, in the second quarter of 2020, employment for the population aged 15 and over decreased by 2.6%. Employment decreased in the agricultural sector by 1.1%, in the industrial sector by 6.2% and in the s.ervices sector by 2.3%.

The employment rate for men is 66.2%, while for women 53.2%. Compared to the same quarter of 2019, the employment rate for men decreased by 2.2 percentage points and for women decreased by 1.4 percentage points. The youth employment rate is 39.7%. For the population aged 30-64, in the second quarter of 2020, the employment rate is 69.9%.

Unemployment increased by 0.4%

In the second quarter of 2020, the official unemployment rate in Albania is 11.9%. In annual terms, the official unemployment rate increased by 0.4 percentage points. Compared to the previous quarter, the official unemployment rate increased by 0.5 percentage points.