The unemployment rate in Moldova fell to 4.0 percent in the third quarter of 2019 from 4.5 percent in the previous three-month period. The number of unemployed persons fell by 4.2 thousand to 37.8 thousand and employment rose by 8.8 thousand to 909.8 thousand. The unemployment rate for men was 4.1 percent and for women it was 3.9 percent. The rate was significantly higher in urban areas (4.6 percent) than in rural areas (3.4 percent). Among young people (15-24 years), the jobless rate was recorded at 11.3 percent. Unemployment Rate in Moldova averaged 6.01 percent from 2000 until 2019, reaching an all time high of 13 percent in the first quarter of 2006 and a record low of 2.20 percent in the third quarter of 2018.

Unemployment Rate in Moldova is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Moldova to stand at 2.00 in 12 months time. In the long-term, the Moldova Unemployment Rate is projected to trend around 2.70 percent in 2020, according to our econometric models.

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Moldova Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.00 4.50 13.00 2.20 2000 - 2019 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-03-06 12:00 PM Q4 2.9% 2.2% 4.20%
2019-09-25 11:00 AM Q1 7.7% 2.9% 3.8%
2019-09-25 11:00 AM Q2 4.5% 7.7% 2.9%
2019-12-04 12:00 PM Q3 4.0% 4.5% 3.2%
2020-03-06 12:00 PM Q4 4.0% 2.70%


News Stream
2019-09-25
Moldova Jobless Rate Falls to 4.5% in Q2
The unemployment rate in Moldova fell to 4.5 percent in the second quarter of 2019 from 7.7 percent in the previous three-month period. The number of unemployed persons fell by 27.6 thousand to 42 thousand and employment rose by 72.1 thousand to 901.1 thousand. The unemployment rate for men was 5.7 percent and for women it was 3.1 percent. The rate was significantly higher in urban areas (5.1 percent) than in rural areas (3.9 percent). Among young people (15-24 years), the jobless rate was recorded at 8.9 percent, compared to 13.7 percent in Q1.

2019-03-06
Moldova Jobless Rate Falls to 2.9% in Q4
The unemployment rate in Moldova declined to 2.9 percent in the fourth quarter of 2018 from 3.3 percent in the corresponding period of the previous year. The number of unemployed persons fell by 6.1 thousand to 34.2 thousand and the number of employed rose by 6.3 thousand to 1,163.6 thousand. Meanwhile, the labour force participation rate fell to 40.2 percent from 40.6 percent a year earlier. The unemployment rate for men was 3.6 percent and for women it was 2.1 percent. The rate was significantly higher in urban areas (4 percent) than in rural areas (1.9 percent). Among young people (15-24 years), the jobless rate was recorded at 5.5 percent, compared to 11.8 percent in Q4 2017. In the third quarter, unemployment rate was lower at 2.2 percent.


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

Moldova Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 4.50 13.00 2.20 percent [+]
Unemployed Persons 37.80 42.00 169.60 30.40 Thousand [+]
Labor Force Participation Rate 43.60 43.40 61.40 37.00 percent [+]
Wages 7385.00 7302.60 7385.00 329.60 MDL/Month [+]
Wages in Manufacturing 6764.90 6558.20 6764.90 563.00 MDL/Month [+]
Population 3.55 3.55 4.36 3.55 Million [+]
Retirement Age Women 58.00 57.50 58.00 57.00 [+]
Retirement Age Men 63.00 62.50 63.00 62.00 [+]
Employed Persons 909.80 901.10 1568.30 829.00 Thousand [+]
Employment Rate 41.80 41.40 56.70 34.30 percent [+]
Youth Unemployment Rate 8.90 13.70 37.00 5.50 percent [+]