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The unemployment rate stood at 5.7% and the labour underutilisation rate at 9.8%
Monthly Employment and Unemployment Estimates
The unemployment rate stood at 5.7% and the labour underutilisation rate at 9.8% - November 2025
07 January 2026

Summary

October 2025 (definitive estimates):

The unemployment rate stood at 5.8%, down by 0.2 percentage points (pp) from September 2025, by 0.1 pp from July of that year and by 0.8 pp from October 2024.

The labour underutilisation rate was estimated at 10.0%, down from the previous month (0.2 pp), from three months earlier (0.1 pp) and from the same month of 2024 (1.0 pp).

November 2025 (provisional estimates):

The unemployment rate stood at 5.7%, down from October 2025 (0.1 pp), from August 2025 (0.3 pp) and from November 2024 (0.9 pp).

The labour underutilisation rate was estimated at 9.8%, down from the previous month (0.2 pp), from three months before (0.4 pp) and from the same month of 2024 (1.3 pp).

In November 2025, the employment rate (65.8%) reached its highest value since the beginning of the time series in February 1998.


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