Unemployment in Armenia rises to 19% in 1st q 2017

YEREVAN, June 30. /ARKA/. Unemployment rate in Armenia rose 0.7% in Jan-March 2017, compared with the same period a year before, reaching 19% by late March, the National Statistical Service reports referring to preliminary data.  

Unemployment was recorded at 17.4% in the fourth quarter of 2016.

The annual inflation rate was recorded at 18% in 2016. 

According to the statistical report, 1,202,900 economically active people lived in Armenia in the first quarter of 2017. Of them, 974,500 had jobs and 228,400 were unemployed. 

Labor resources were recorded at 2,042,100 people in Jan-March 2017 (1.25% year-on-year decline). 

The country’s economically not active population stood at 839,300 people in the 1st Q 2017 against 843,400 in the same quarter a year earlier. --0----

Read the news first and discuss them in our Telegram

14:28 06/30/2017