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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% - December 2024
29 January 2025

Summary

November 2024 (definitive estimates):

• The unemployment rate stood at 6.6%, equal to October, up 0.2 percentage points (pp) from August 2024 and up 0.1 pp from November 2023.

• The labour underutilisation rate was estimated at 10.9%, equal to the month before, up 0.1 pp from three months before and down 0.7 pp from the same month of 2023.

December 2024 (provisional estimates):

• The unemployment rate stood at 6.4%, down from November (0.2 pp) and September of 2024 (0.1 pp), having remained unchanged to December 2023.

• The labour underutilisation rate stood at 10.9%, equal to the previous month and three months before, but down from the same month of 2023 (0.5 pp).

• In December 2024, the active population (5,479.7 thousand) and the employed population (5,127.3 thousand) reached their highest values since February 1998.


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