Unemployment rate in Armenia fell to 12.3% in the second quarter - World Bank

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Economy

21.10.2025, 17:29

Armenia’s economic growth has resulted in improved labor market outcomes, the World Bank says in its latest Armenia Monthly Economic Update – October 2025 report, adding that business registrations, however. fell in August

Unemployment rate in Armenia fell to 12.3% in the second quarter - World Bank

YEREVAN, October 21. /ARKA/. Armenia’s economic growth has resulted in improved labor market outcomes, the World Bank says in its latest Armenia Monthly Economic Update – October 2025 report, adding that business registrations, however. fell in August

It says the unemployment rate fell to 12.3 percent in Q2 2025, down from 13.8 percent in Q2 2024, mostly due to a reduction across both male and urban unemployment. This left employment and labor force participation rates at 51.2 percent and 58.3 percent, respectively. Monthly business registrations fell 3.5 percent (mom) in August, due to lower registrations by individual entrepreneurs and LLCs.

In late December 2024, the Armenian government sanctioned the Employment Strategy for 2025-2031, primarily aimed at addressing unemployment. As noted by the then-Minister of Labor and Social Affairs, Narek Mkrtchyan, studies indicate that a segment of the potentially employable population is uncompetitive and lacks the requisite skills to fulfill the demands of the contemporary labor market.

The strategy's target demographic encompasses residents of regional cities, youth who are neither studying nor employed, women aged 30-39, and individuals receiving family and social benefits.

As previously mentioned by Babken Tunyan, Deputy Chairman of the Parliamentary Standing Committee on Economic Affairs and a member of the ruling Civil Contract party, the government intends to lower the unemployment rate to below 10%.-0-

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