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Mongolia Unemployment Rate Forecast 2016-2020 www.tradingeconomics.com
Mongolia Unemployment Rate Forecast 2016-2020
Unemployment Rate in Mongolia is expected to be 8.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Mongolia to stand at 8.90 in 12 months time. In the long-term, the Mongolia Unemployment Rate is projected to trend around 7.30 percent in 2020, according to our econometric models.
| Forecast | Actual | Q3/17 | Q4/17 | Q1/18 | Q2/18 | 2020 | Unit |
|---|---|---|---|---|---|---|---|
| Unemployment Rate | 9.1 | 8.9 | 9.3 | 8.8 | 8.9 | 7.3 | percent |
Mongolia Unemployment Rate Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Mongolia Unemployment Rate using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Mongolia Unemployment Rate - was last predicted on Thursday, July 27, 2017.
| Mongolia Labour | Last | Q3/17 | Q4/17 | Q1/18 | Q2/18 | 2020 |
|---|---|---|---|---|---|---|
| Unemployment Rate | 9.1 | 8.9 | 9.3 | 8.8 | 8.9 | 7.3 |
| Unemployed Persons | 115300 | 113502 | 109972 | 113172 | 114766 | 112799 |
| Labor Force Participation Rate | 59.5 | 60.57 | 60.26 | 59.93 | 60.06 | 60.16 |
| Population | 3.12 | 3.15 | 3.15 | 3.17 | 3.18 | 3.3 |
| Retirement Age Men | 60 | 60 | 60 | 60 | 60 | 60 |
| Retirement Age Women | 60 | 60 | 60 | 60 | 60 | 60 |
| Employed Persons | 1147000 | 1162238 | 1159950 | 1167689 | 1176674 | 1229386 |
| Employment Rate | 54 | 55.25 | 55.06 | 54.3 | 54.38 | 54.79 |
| Wages | 959 | 983 | 1012 | 1007 | 1027 | 1052 |
| Wages In Manufacturing | 1014 | 1082 | 1105 | 1129 | 1160 | 1414 |
