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The unemployment rate remained at 6.4% and the labour underutilisation rate at 11.7%
Monthly Employment and Unemployment Estimates
The unemployment rate remained at 6.4% and the labour underutilisation rate at 11.7% - June 2023
31 July 2023

Summary

May 2023:

The active population (5,279.6 thousand) increased from February and April 2023 (0.1%, relatively to both months) and from May 2022 (1.9%).

The employed population (4,940.7 thousand) increased from the three periods under comparison (previous month, three months before and same month of the previous year): 0.3%, 0.6% and 1.5%, respectively.

The unemployed population (338.9 thousand) decreased by 1.6% from April 2023, by 6.2% from February 2023 and increased by 8.2% from May from a year earlier.

The unemployment rate stood at 6.4%, down 0.1 percentage points (pp) from the previous month, down 0.5 pp from three months before and up 0.4 pp from a year earlier.

The inactive population (2,407.6 thousand) decrease 0.3% from both February and April 2023, and 2.9% from May 2022.

The labour underutilisation rate was estimated at 11.7%, down 0.1 pp from the previous month, down 0.4 pp from three months before and up 0.1 pp from one year earlier.

June 2023:

The active population (5,280.6 thousand) increased from the previous month (corresponding to an almost null relative change), from March 2023 (0.1%), having increased by 1.9% from June 2022.

The employed population (4,944.1 thousand) increased from the three periods under comparison (previous month, three months before and same month of the previous year): 0.1%, 0.5% and 1.5%, respectively.

The unemployed population (336.5 thousand) decreased from the previous month (0.7%) and from three months before (6.5%), having increased from a year earlier (8.5%).

The unemployment rate stood at 6.4%, remaining unchanged from May, down from March 2023 (0.4 pp),but up from June 2022 (0.4 pp).

The inactive population (2,407.6 thousand) remained almost unchanged from the previous month, having decreased from three months before (0.1 pp) and from one year earlier (2.9 pp).

The labour underutilisation rate stood at 11.7%, remaining unchanged from the previous month, down 0.4 pp from three months before and up 0.2 pp from the same month of 2022.


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