In 2013 the unemployment level in Armenia reached 18.64%, shows the Global Unemployment Trends 2014 report published by International Labour Organization.

The report says in general, unemployment levels are significantly higher in the Central and South-Eastern Europe (non-EU) subregion than in the CIS subregion, where only Armenia is recording high unemployment rates (17.3 per cent in 2012).

Unemployment rate in neighboring Georgia made 14.3% and in Azerbaijan – 5.5%. The report indicates an increase of the unemployment rate in Turkey and the Russian Federation.

According to the report, almost 202 million people were unemployed in 2013 around the world, an increase of almost 5 million compared with the year before. Young people continue to be particularly affected by the weak and uneven recovery. The global youth unemployment rate has reached 13.1 per cent, which is almost three times as high as the adult unemployment rate.