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Unemployment rate at 3.8% in February

HR

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In February 2022, the number of unemployed was 185,000 and the unemployment rate was 3.8%, according to data released by the Central Statistical Office (KSH).

According to the administrative data of the National Employment Service, the number of registered jobseekers decreased by 16.6% to 252,000 by the end of February.

December-February unemployment rate also at 3.8%

In the December 2021–February 2022 period, the average number of unemployed persons was 183,000 and the unemployment rate was 3.8%, KSH notes.

The number of unemployed persons aged 15–74 decreased by 33,000 and their unemployment rate by 0.7 percentage points. Among men, the number of unemployed persons was 97,000 and the unemployment rate decreased by 0.6 percentage points to 3.8%. Among women, the number of unemployed was 86,000 and their unemployment rate fell by 0.9 percentage points to 3.8%.

The number of unemployed people aged 15-24 fell to 35,000 and their unemployment rate to 11.4%. Nearly a fifth of all unemployed were young people.

The unemployment rate for the 25-54 age group fell by 0.7 percentage points to 3.3%, and for the 55-74 age group by 0.4 percentage points to 3%.

The average time spent looking for a job was 8.7 months and 33.9% of the unemployed had been looking for a job for at least a year.

 

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