This study provides a general overview of the Albanian macroeconomic and social climate, complemented by a synopsis of fiscal policies and private sector developments in the recent years. Statistics reveal that Albania is currently facing a severe youth unemployment crisis. Further on the analysis focuses on the Albanian labor market developments, and the main employment trends, which are presented with an emphasis placed on youth employment. Concrete policy recommendations and potential interventions regarding the key aspects of youth employment in Albania are offered. This study is based on a wide range of significant date that has been published by the respected national and international institutions.