Official unemployment in Mongolia downs by 2.1%

AKIPRESS.COM - The Labor and Social Welfare Services Agencies in late May have registered 35.3 thousand job seekers, of which 23.5 thousand or 66.5 percent were unemployed and remaining 11.8 thousand or 33.5 percent were employed but looking for a new job, Montsame reported. Registered unemployed people decreased by 512 (2.1 percent) compared to the previous year but increased by 1040 (4.6 percent) from the previous month. A breakdown by gender shows that 12.2 thousand or 52.0 percent were women among total number of registered unemployed.
In the first 5 months of 2019, the Labor and Social Welfare Services Agencies have recorded 30.4 thousand newly unemployed and 6.8 thousand registered persons were hired on a new job.
Compared to the same period of the previous year, new registered unemployment were decreased by 4.2 thousand persons or 12.3 percent, the number of person removed from Unemployment Registered due to inactivity were decreased by 3.8 thousand or 13.3 percent and the number of persons hired on a new job were decreased by 0.3 thousand persons or 5.3 percent.
From total registered unemployed at national level, more than half or 54.9 percent was accounted for young people aged 15-34.