The National Statistical Office (NSO) recently released a report on 2016’s unemployment rate, average income, and labor statistics.
According to the NSO, as of late November, there were 45,300 citizens registered with the state’s employment agency, with 33,400 citizens registered as unemployed, a 6.8 percent increase compared to last year. More than 57.9 percent of unemployed citizens are in the 15 to 34 age group, and most of them reside in rural areas.
As of the third quarter of 2016, the average monthly income was 884,300 MNT, a 5.7 percent increase compared to the same period in 2015. Approximately 581,400 workers paid social insurance taxes. According to the NSO’s data, five percent of working people earn a monthly salary of 192,000 MNT or less, 10.4 percent earn 192,000 to 300,000 MNT, 19.3 percent earn 300,000 to 500,000 MNT, and 35.1 percent of working people earn 500,000 to 900,000 MNT a month. The percentage of workers earning 900,000 to 1.3 million MNT per month is 16.4 percent, 3.8 percent of workers earn 1.3 to 1.5 million MNT, and 9.9 percent of workers earn a monthly 1.5 million MNT or more.