Employment and unemployment (provisional estimates) - October 2022

In October 2022 the number employed people rose, while a drop was recorded for both unemployed and inactive persons.

On a monthly basis, the growth of employment (+0.4%, +82 thousand) involved both genders and people over the age of 50, while for others decreased. Overall, the employment rate rose to 60.5% (+0.2 p.p.).

In the last month, the drop of unemployed persons (-0.4%, -8 thousand) was recorded for men and all age groups except 25-34 years. The unemployment rate declined to 7.8% (-0.1 p.p.), the youth rate to 23.9% (-0.2 p.p.).

In October the decrease of inactive people aged 15-64 (-0.5%, -62 thousand) concerned women, peole aged 25-34 years and those having more than 50 years. The inactivity rate fell to 34.3% (-0.2 p.p.).

In the period August-October 2022, with respect to the previous quarter (May-July 2022), employment was substantially stable.

In the last three months, unemployed persons fell (-1.7%, -34 thousand) while an increase was registered for inactive people aged 15-64 years (+0.1%, +13 thousand).

Compared with October 2021, the number of employed persons increased by 2.2% (+496 thousand), the growth concerned both genders and all age groups except 35-49 years; the employment rate showed an increase of 1.5 p.p. .

On a yearly basis, the rise of employed people was accompanied by a decrease of both unemployed persons (-14.0%, -321 thousand) and inactive people aged 15-64 (-2.6%, -336 thousand).