Unemployment Rate In Albania

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Unemployment rate in Albania
Xhoana Zhuleku
Epoka University

Author note
Xhoana Zhuleku is a student in Economics at Epoka University

Abstract
This paper talks about the unemployment rate in Albania over the past years as a problem, what unemployment is, and what we can do to solve this problem. Albania is a country under development but still lacks in some economics fields such as unemployment. Charts and tables with data from different institutions in Albania have shown us that unemployment is a phenomenon present in every country, but in Albania, it is increasing day by day. There exist so many factors that affect unemployment, like job supply and the low level of income per family. Moreover, the government is trying to solve the …show more content…

Unemployment exists in every country in the world. This phenomenon can happen for a lot of different reasons which can be political, cultural, economic etc. Mainly this happens in poor countries or countries that are under development. Albania is one of these countries and the population of it has suffered from this phenomenon. High unemployment is both an economic and social problem. It is an economic problem because represents the waste of resources that are valuable. On the other hand, it is also social because of people of that country struggle with a reduction of their total …show more content…

To sum up, although Albania recently has had an economic growth it is still one of the countries with the highest rate of unemployment. This rate has been changing over years and certainly, it has been reducing. In 2009 this rate was 12.5%. it is not a low level, but anyway is the lowest level Albania has ever had in the last 10 years. This value matches the inflation rate which was 3.4% in 2009. In comparison with the other countries of Europe, it is ranked the 6th, not a good value, but it has been improving during years by being aware of the factors and improving the country with the solutions given to decrease the level of unemployment.

Methods
The data gathered to give a better view of what is explained in this paper. Below is a bar chart of recent statistic about the unemployment rate in Albania over the past years.
Using the internet and other sources to do an online research and different books of economics has helped to create a better view of the exact situation of the unemployment rate in

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