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In March, the unemployment rate stood at 6.9% and the labour underutilisation rate at 12.1%
Monthly Employment and Unemployment Estimates
In March, the unemployment rate stood at 6.9% and the labour underutilisation rate at 12.1% - March 2023
02 May 2023

Summary

February 2023:

The active population (5,273.8 thousand) increased compared to January 2023 (0.2%), to November 2022 (1.3%) and to February 2022 (1.7%).

The employed population (4,910.0 thousand) increased by 0.3% from the previous month, by 0.9% from three months before and by 0.4% from a year earlier.

The unemployed population (363,8 thousand) decreased by 1.3% from January 2023, having increased by 8.3% from November 2022 and by 24.6% from February of that year.

The unemployment rate stood at 6.9%, down 0.1 percentage points (pp) from the previous month, up 0.4 pp from three months before and up 1.3 pp from a year earlier.

The inactive population (2,413.6 thousand) decreased from the three periods under comparison (previous month, three months earlier and the same month a year before): by 0.4%, 1.7% and 2.6%, respectively.

The labour underutilisation rate was estimated at 12.1%, down 0.1 pp from the previous month, up 0.3 pp from three months before and up 1.0 pp from one year earlier.

March 2023:

The active population (5,274.3 thousand) remained practically unchanged from the previous month, having increased from December 2022 (1.1%) and from March 2022 (1.6%).

The employed population (4,911.8 thousand) had a nearly null relative change from the previous month, having increased from three months before (0.9%) and from a year earlier (0.4%).

The unemployed population (362.5 thousand) decreased from the previous month (0.3%), having increased from three months before (3.6%) and from a year earlier (21.3%).

The unemployment rate stood at 6.9%, the same value as in February 2023, but up from December and March 2022 (0.2 pp. and 1.1 pp, respectively).

The inactive population (2,412.4 thousand) remained practically unchanged from the previous month, having decreased by 2.1% from three months before and by 2.4% from one year earlier.

The labour underutilisation rate stood at 12.1%, as in the previous month, down 0.1 pp from three months before and up 0.8 pp from the same month of 2022.


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