Unemployment Rate in Mongolia decreased to 5.30 percent in the fourth quarter of 2024 from 6.10 percent in the third quarter of 2024. Unemployment Rate in Mongolia averaged 6.92 percent from 1990 until 2024, 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. source: National Statistical Office of Mongolia

Unemployment Rate in Mongolia is expected to be 5.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.



Related Last Previous Unit Reference
Employed Persons 1353388.00 1360306.00 Dec 2024
Employment Rate 58.90 59.20 percent Dec 2024
Labor Force Participation Rate 62.20 63.00 percent Dec 2024
Population 3.50 3.45 Million Dec 2023
Unemployed Persons 75385.00 88064.00 Dec 2024
Unemployment Rate 5.30 6.10 percent Dec 2024
Wages 2672.00 2479.60 MNT Thousand/Month Dec 2024
Wages in Manufacturing 2385.20 2271.70 MNT Thousand/Month Dec 2024

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.30 6.10 11.80 2.80 1990 - 2024 percent Quarterly