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The employed population will have decreased, while the unemployment rate and the labour underutilisation rate will have increased in the first month of the year
Monthly Employment and Unemployment Estimates
The employed population will have decreased, while the unemployment rate and the labour underutilisation rate will have increased in the first month of the year - January 2021
03 March 2021

Summary

December 2020 – revised estimates:
• The employed population has decreased by 0.8% from the previous month, increased by 0.4% from three months before and decreased by 1.6% from the same month of 2019.
• The unemployed population has decreased by 5.9% from November 2020, by 14.8% from September of the same year and by 0.2% from December 2019.
• The unemployment rate (concept of the International Labour Organization, ILO) stood at 6.8%, 0.3 percentage points (pp) less than in the previous month, 1.1 pp less than in three months before and 0.1 pp more than in the same month of the previous year.
• The labour underutilisation rate was estimated at 13.7%, down 0.3 pp from the previous month, down 1.7 pp from three months before and up 1.1 pp from a year earlier.
• The monthly decrease of the labour underutilisation rate in this month was due to the decrease of the unemployed population (5.9%) and of the number of underemployed part-time workers (7.6%).

January 2021 – provisional estimates:
• The employed population has decreased by 1.7% from the previous month, by 2.0% from three months before and by 3.5% from the same month of 2020.
• The unemployed population has increased by 4.2% from December 2020 and by 2.7% from January of this year, having decreased by 6.6% when compared to three months before (October 2020).
• The unemployment rate stood at 7.2%, up 0.4 pp from the previous month, down 0.3 pp from three months before and up 0.4 pp from the same month of 2020.
• The labour underutilisation rate was estimated at 14.2%, 0.5 pp more than in the previous month, 0.7 pp less than October 2020 and 1.7 pp more than a year earlier.
• The monthly increase of the labour underutilisation rate in this month was mainly due to the increase of the unemployed population (4.2% more).


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