SEPTEMBER 2022 9 More information is available at: Monthly employment and unemployment estimates – August 2022 29 September 2022 In July 2022: • The unemployment rate was 6.0%, equal to that of the previous month, which is 0.1 p.p. higher than three months before and 0.6 p.p. lower than one year earlier; • The inactive population (2,470.6 thousand people) decreased by 0.4% compared to June, 0.2% compared to April and 1.6% compared to July 2021; • The labour force (5,189.9) increased by 0.2% compared to the previous month, by 0.1% compared to May 2022 and by 0.4% compared to July 2021; • The employed population (4,879.8 thousand people) increased compared to the previous month (0.2%) and the same month of the previous year (1.1%) and changed slightly vis-à-vis three months earlier (-1,800 people, i.e., a virtually zero rate of change); • The unemployed population (310.1 thousand) remained broadly unchanged compared to June, increased by 1.8% compared to April and decreased by 9.0% compared to July 2021; • The labour underutilisation rate of work stood at 11.5%, 0.1 p.p. and 0.9 p.p. lower than the previous month and one year earlier, respectively, but 0.1 p.p. higher than three months earlier. Labour underutilisation rate (seasonally adjusted data) Unemployment rate* of youth and adults July and August 2022 * Values for the most recent month are provisional. (p) (p) Provisional estimate 11.4% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Aug-13 Aug-14 Aug-15 Aug-16 Aug-17 Aug-18 Aug-19 Aug-20 Aug-21 Aug-22 17.7% 5.2% 16.7% 5.3% Youth popula�on (aged 16 to 24) Adult popula�on (aged 25 to 74) Jul-22 Aug-22
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