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The unemployment rate stood at 6.9% and the labour underutilisation rate at 13.9%
Monthly Employment and Unemployment Estimates
The unemployment rate stood at 6.9% and the labour underutilisation rate at 13.9% - February 2021
05 April 2021

Summary

January 2021:
• The employed population has decreased by 0.6% from the previous month, by 0.4% from three months before and by 2.2% from the same month of 2020.
• The unemployed population has decreased by 0.4% from December 2020, by 9.8% from October of the same year and by 0.7% from January of that year.
• The unemployment rate (concept of the International Labour Organization, ILO) stood at 6.9% as in the previous month, but 0.7 percentage points (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 13.8%, up 0.1 pp from the previous month, down 1.0 pp from three months before and up 1.2 pp from a year earlier.

February 2021:
• The employed population has increased by 0.2% from the previous month but decreased by 0.6% from three months before and by 1.7% from the same month of 2020.
• The unemployed population decreased by 0.3% from January 2021 and by 5.8% from three months before (November 2020), having increased by 3.8% when compared to February 2020.
• The unemployment rate stood at 6.9% as in 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 13.9%, 0.1 pp more than in the previous month, 0.1 pp less than November 2020 and 1.2 pp more than a year earlier.


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