The Labour Market Statistics
Labor Market Statistics
Labor market statistics provide information on the distribution of the labor force. They describe the situation and dynamics of employment and unemployment, which together constitute the labor force operating in a country. Based on information collected from the Labor Force Survey, the population aged 15 and over is classified into employed, unemployed and economically inactive.
Labor force
The active population consists of people who are in work or actively looking for work, meaning that they are potential employees and make up the labor force of a country. Therefore, the labor force (or active population) is determined by the sum of employed and unemployed people. In 2023, the labor force in the country registers about 1486 thousand people.
The rate of activity or participation in the labor force is calculated by dividing the active population by the population of the same age group. The indicator is a general measure of the efficiency of the economy in engaging the population in a form of productive activity. The indicator used to measure the labor force participation rate in Albania reached 64.1% during 2023 (70.3% for men and 58.1% for women).
Economically inactive population
The inactive population in 2023 is about 833 thousand, including all persons who are not classified as employed or unemployed. They are the remainder of the working-age population after subtracting the labor force or active population from the population aged 15 and over.
Inactive people, or out of the labor force, are people who are not working, nor looking for or wanting work because they are continuing school, retired or disabled, may be fulfilling household duties, or are not looking for work because they believe that they cannot find it (in other words discouraged). The rate of inactivity outside the labor force is calculated by dividing the inactive population by the population of the same age group. This indicator is 35.9% in 2023 (29.7% for men and 41.9% for women).
Both the active and the inactive population (outside the labor force) are part of the working age population. The labor force survey surveys the population aged 15 and over, which is the age when people can legally start working. In 2023, the population aged 15 and over is about 2319 thousand, i.e. 83.9% of the total population.
To create different indicators of the labor market, large population groups are considered, such as: the population aged 15-74 for the unemployment rate, 15-64 for the employment rate, 15-24 or 15-29 for young people and so on.
For more information CLICK on:
https://www.instat.gov.al/media/13552/tregu-i-punes-2023.pdf
Tables and graphs:
Articles:
https://www.instat.gov.al/media/13102/a tfp-tr4-2023_press-release.pdf