Nso Summarizes Social and Economic Changes of May

The National Statistics Office of Mongolia (NSO) released its Social and Economic Report for May on Tuesday.Key changes in the economic and social situation of Mongolia observed in the past month include a 4.

1 percent rise in the average monthly wage, a slight increase in unemployment, and higher crime rate. Female unemployment remains high By the end of May 2018, labor and social welfare services agencies registered 35,600 job seekers, of which 24,000 (67.5 percent) were unemployed while 11,600 (32.5 percent) were employed but looking for a new job.

Registered unemployment went down by 4,500 people, or 15.7 percent, compared to May 2017 but jumped by 600 people, or 2.6 percent, over the past month.

A breakdown by gender shows that 53.1 percent of the unemployed are women. Breakdown of causes of unemployment as of May 2018In terms of unemployment by region, 8,300 people, or 34.4 percent of total registered unemployed, are living in Ulaanbaatar, 4,900, or 20.2 percent, in the central region, 4,200, or 17.7 percent, in the western region, 4,100, or 17.1 percent, in Khangai region, and 2,500 people, or 10.6 percent, are living in the eastern region.

Out of the total registered unemployed in Mongolia, there are 513 people living with disabilities. Among them, 47.2 percent are women, according to the Labor Survey.

NSO wrote that in the first five months of 2018, labor and social welfare services agencies registered 34,700 new people without a job and found jobs for 7,200 people. Due to inactive job seeking, 28,900 people were removed from the Unemployment Register.

Compared to the same period of last year, 1,900 more people were registered, going up by 5.8 percent, while 1,400 (25 percent) more people were hired.

Around 12 percent fewer people were also removed from the Unemployment Register this year.The Labor Survey identified that the most common reason causing unemployment is dismissal from job, taking 48.7 percent, followed by inability to find a job after graduating university, which took up 29.9 percent.

Average family earns below 1 million MNT per monthIn the first quarter of 2018, the monthly average wage per employees was at 998,400 MNT, rising by 39,200 MNT, or 4.1 percent, compared to the same period last year.

However, this is a 3.9 percent, specifically 40,500 MNT, decline compared to the fourth quarter of 2017.Compared to May 2017, the monthly average wage increased by 39,200 MNT (4.1 percent) in attribution to an increase of...