December 2025 (definitive estimates):

• The unemployment rate stood at 5.6%, down by 0.1 percentage points (pp) from November 2025, by 0.4 pp from September of that year and by 0.8 pp from December 2024.

• The labour underutilisation rate was estimated at 9.7%, down from the previous month (0.1 pp), from three months earlier (0.5 pp) and from the same month of 2024 (1.1 pp).

January 2026 (provisional estimates):

• The unemployment rate stood at 5.6%, as in December 2025, and down from October (0.2 pp) and from January of that same year (0.7 pp).

• The labour underutilisation rate was estimated at 9.6%, down from the previous month (0.1 pp), from three months before (0.5 pp) and from a year earlier (1.1 pp). This rate corresponds to the lowest since February 2011.

• The youth unemployment rate decreased by 0.4 pp from the previous month, standing at 18.2%, the lowest value since April 2023, when it reached the same estimate.