Mongolia's unemployment rate down 19.6 pct in first 10 months

Source: Xinhua | 2019-11-21

The unemployment rate in Mongolia decreased by 19.6 percent in the first 10 months of this year, compared with the same period last year, the country's National Statistical Office (NSO) said Wednesday.

A total of 21,900 people were recorded to be unemployed, 53.6 percent of whom were female. And the highest unemployment rate (56.5 percent) was registered with people aged 15-34.

According to the NSO, 29 percent of the unemployed had university degrees.

The total number of people in the Asian country's labor force stood at more than 1.3 million at the end of last month, the agency added.