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The unemployment rate stood at 6.4% and the labour underutilisation rate at 10.9%
Monthly Employment and Unemployment Estimates
The unemployment rate stood at 6.4% and the labour underutilisation rate at 10.9% - February 2025
31 March 2025

Summary

January 2025 (definitive estimates):

The unemployment rate stood at 6.3%, down 0.1 percentage points (pp) from December 2024, 0.2 pp from October and 0.1 pp from January 2024.

The labour underutilisation rate was estimated at 10.8%, the same value as in the previous month, having decreased from three months earlier (0.2 pp) and from the same month of 2024 (0.6 pp).

February 2025 (provisional estimates):

The unemployment rate stood at 6.4%, up from January 2025 (0.1 pp), but down from November (0.2 pp) and from February 2024 (0.1 pp).

The labour underutilisation rate stood at 10.9%, up from the previous month (0.1 pp), having decreased from three months before (0.1 pp) and from the same month of 2024 (0.4 pp).

In February 2025, the employed population (5,163.5 thousand) reached the highest value since February 1998.


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