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LFS unemployment rate down to 9.3% in Q3


2011-11-25



The unemployment rate measured according to the Labour Force Survey (LFS) amounted to 9.3% in the third quarter of 2011, down by 0.2 p.p. compared with the previous quarter and 0.2 p.p. higher than a year earlier, according to the Central Statistical Office (GUS).

During the analysed period, the total number of people out of work stood at almost 1.68 million, which represented a decline of 11,000 from Q2 but was 52,000 higher than in the same period of 2010. Meanwhile, the employment rate amounted to 51.1% in Q3, up by 0.4 p.p. from the previous quarter and the same as in Q3 2010.

At the same time, the number of economically inactive persons decreased by 96,000 compared with Q2, to just over 13.9 million. As a result, the economic activity rate rose by 0.4 p.p. from three months earlier, to 56.4%. On a year-on-year basis it increased by 0.2 p.p.

See also the news item 'Registered unemployment rate steady at 11.8% in October'.



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