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In December, the unemployment rate increased to 6.7% and the labour underutilisation rate to 12.1%
Monthly Employment and Unemployment Estimates
In December, the unemployment rate increased to 6.7% and the labour underutilisation rate to 12.1% - December 2022
31 January 2023

Summary

November 2022:

The active population (5,205.4 thousand) remained, in relative terms, practically unchanged from the previous month, having increased by 0.2% from August 2022 and by 0.6% from November 2021.

The employed population (4,868.5 thousand) decreased by 0.4% from the previous month and by 0.3% from three months before and increased by 0.4% from one year earlier.

The unemployed population (336.9 thousand) increased by 6.4% from October 2022, by 7.6% from August 2022 and by 4.8% from November 2021.

The unemployment rate stood at 6.5%, up 0.4 percentage points (pp) from the previous month, up 0.5 pp from three months before and down 0.3 pp from a year earlier.

The inactive population (2,454.0 thousand) decreased from the three periods under comparison: by 0.1%, 0.3% and 2.3%, respectively.

The labour underutilisation rate was estimated at 11.9%, up 0.4 pp from the previous month, up 0.5% from three months before and up 0.2 pp from one year earlier.

December 2022:

The active population (5,213.5 thousand) has increased from the previous month (0.2%), from September 2022 (0.3%) and from December 2021 (0.4%).

The employed population (4,865.9 thousand) has decreased from the previous month (0.1%), from three months before (0.3%) and from a year earlier (0.5%).

The unemployed population (347.6 thousand) increased from the three periods under comparison (previous month, three months before and same month of previous year): 3.2%, 9.3% and 14.0%, respectively.

The unemployment rate stood at 6.7%, also up from November and September 2022 (0.2 pp and 0.6 pp) and from December 2021 (0.8 pp).

The inactive population (2,445.4 thousand) decreased by 0.4% from the previous month, by 0.5% from three months before and by 1.9% from one year earlier.

The labour underutilisation rate stood at 12.1%, up 0.2 pp from the previous month, up 0.7 pp both from three months before and from the same month of 2021.


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