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LFS unemployment rate down to 9.1% in Q3


2010-11-25



The unemployment rate measured according to the Labour Force Survey (LFS) amounted to 9.1% in the third quarter of 2010, down by 0.4 p.p. compared with the previous quarter and 1 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 1.63 million, which represented an increase of 223,000 compared with the corresponding period of the previous year, but was 55,000 lower than in Q2. Meanwhile, the employment rate amounted to 51.1% in Q3, up by 0.7 p.p. compared with the previous quarter and by 0.2 p.p. versus a year earlier. At the same time, the number of economically inactive persons declined by 1% during the quarter and fell just below the 14 million mark. As a result, the economic activity rate rose by 0.5 p.p. compared with Q2 to 56.2%. On a year-on-year basis it increased by 0.8 p.p.

See also the news item "Registered unemployment rate steady at 11.5% in October".



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