Albania’s Unemployment Up by 0.6% during Pandemic Year

Unemployment rose by 0.6 percent in Albania during the last year.

The Central Bank of Albania’s first quarterly Monetary Policy Report published on May 12 found that 43,405 people lost their jobs from April 2020 to March 2021.

The period coincides with the coronavirus pandemic outbreak and restrictions.

In terms of percentages, unemployment now stands at 11.8 percent, marking a rise of only 0.2 percent in the last quarter.

It argues that a rise in employment last summer was related to jobs in the tourism industry, but later followed by rising numbers of those who lost their jobs.