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In October, the unemployment rate remained unchanged at 6.1% and the labour underutilisation rate rose to 11.4%
Monthly Employment and Unemployment Estimates
In October, the unemployment rate remained unchanged at 6.1% and the labour underutilisation rate rose to 11.4% - October 2022
30 November 2022

Summary

September 2022:

The active population (5,207.8 thousand) increased by 0.1% from August 2022, by 0.4% from June of that year, and by 0.7% from September 2021.

The employed population (4,889.0 thousand) remained, in relative terms, practically unchanged from the previous month and has increased both from three months before (0.2%) and from one year earlier (1.0%).

The unemployed population (318.8 thousand) increased by 1.6% from August and by 2.7% from June, having decreased by 2.6% from September 2021.

The unemployment rate stood at 6.1%, up 0.1 percentage points (pp) from both the previous month and from three months before but down 0.2 pp from a year earlier.

The inactive population (2,450.1 thousand) decreased from the three periods under comparison: by 0.2%, 0.9% and 2.4%, respectively.

The labour underutilisation rate was estimated at 11.3%, down 0.1 pp from the previous month, down 0.2% from three months before and down 0.6 pp from the same month of 2021.

October 2022:

The active population (5,197.6 thousand) decreased by 0.2% from September and by 0.1% from July, having increased by 0.5% from October 2021.

The employed population (4,881.0 thousand) has also decreased from the previous months and from three months before (0.2% from both months) and increased from a year earlier (0.7%).

The unemployed population (316.6 thousand) decreased by 0.7% from September 2022 and by 3.5% from October 2021, having increased by 1.9% from July 2022.

The unemployment rate stood at 6.1%, remaining unchanged from September, increasing from July (0.1 pp) and decreasing from one year earlier (0.2 pp).

The inactive population (2,460.5 thousand) increased from the previous month and from three months earlier (0.4% and 0.1%, respectively) and decreased from one year before (1.9%).

The labour underutilisation rate stood at 11.4%, up 0.1 pp from the previous month, down 0.1 pp from three months before and down 0.3 pp from the same month of 2021.


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