Unemployment rate at 4.1% in November 2020
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In November 2020, the number of unemployed decreased by 9,000 to 190,000 compared to the previous month, with the unemployment rate dropping to 4.1% from 4.3% in October, according to the Central Statistical Office (KSH).
Compared to November 2019, the number of unemployed increased by 34,000 and the unemployment rate increased by 0.7 percentage points.
Unemployment at 4.4% in September-November 2020
In September–November 2020, the number of unemployed people aged 15–74 grew by 40,000 to 204,000 and their unemployment rate increased by 0.9 percentage points to 4.4%. Among men, the number of unemployed increased by 26,000 to 110,000 and the unemployment rate grew by 1 percentage point to 4.2%. In the case of women, the number of unemployed rose by 14,000 to 94,000 and the unemployment rate increased by 0.7 percentage points to 4.5%
Among people aged 15–24, the number of unemployed decreased to 38,000 and the unemployment rate by 0.9 percentage points to 12.3%. Nearly one-fifth of the unemployed still came from this age group. Unemployment rates for people aged 25–54 grew by 0.9 percentage points to 3.9%, and for people aged 55–74 increased by 1.6 percentage points to 3.2%.
The average duration of unemployment was 11.5 months; 32.8% of unemployed people had been looking for a job for one year or more.
According to the administrative data of the National Employment Service, the total number of registered jobseekers increased by 24% year-on-year to 297,000 at the end of November 2020.
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