Employment rate rises to 92.7 percent
The “Mongolians with Jobs and Income” national session took place last Friday at the Government Palace, during which the Ministry of Labor introduced its annual performance report. The ministry implemented eight national programs, such as the “Mongolians with Jobs and Income” program, to support employers and employees, as well as the employment of herders.
Prime Minister N.Altankhuyag, Minister of Labor Ya.Sanjmyatav, and other employers and delegates of employees attended the session. Minister Ya.Sanjmyatav said, “Our ministry started operating the Employment Research Institute, and thus, we will follow policies and operations based on the institute’s research. Operating without thorough planning and research is no longer an option.”
The institute estimated that the average number of working age people will rise by 47 percent in the next 30 years. The employment rate of the Mongolian population reached 92.7 percent in August, which showed a 1.1 percent increase compared to the same period last year. The figures show that the number of people paying social insurance premiums also rose by 10 percent.
The average salary of employees rose by 39.8 percent compared to last year. The vocational training sector also reported its performance over the past three years. Around 70 percent of Vocational Training Center graduates are offered jobs instantly.
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