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Unemployment rate estimated at 13.5%
Employment statistics
Unemployment rate estimated at 13.5% - 4th Quarter 2014
04 February 2015

Summary
The unemployment rate estimated for the 4th quarter of 2014 was 13.5%. This value is up 0.4 percentage points (p.p.) from the previous quarter and down 1.8 p.p. from the same quarter of 2013.
There were 698.3 thousand unemployed people, which corresponds to a quarterly increase of 1.4% and to a year-on-year decrease of 13.6% (more 9.4 thousand and less 109.7 thousand people, respectively).
There were 4 491.6 thousand employed people, which corresponds to a quarterly decrease of 1.6% (less 73.5 thousand people) and to a year-on-year increase of 0.5% (more 22.7 thousand people).
The participation rate of the working age population stood at 58.5%, down 0.7 p.p. from the previous quarter and down 0.8 p.p. from the same quarter of 2013.
In terms of the annual average, the unemployment rate was 13.9% in 2014, recording a decrease of 2.3 percentage points from 2013. There were 726.0 thousand unemployed people, down 15.1% from the previous year (less 129.2 thousand people). The employed population, estimated to be 4 499.5 thousand individuals, recorded an annual increase of 1.6% (more 70.1 thousand people).

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