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LFS unemployment rate up to 9.3% in Q4


The unemployment rate measured according to the Labour Force Survey (LFS) amounted to 9.3% in the fourth quarter of 2010, up by 0.2 p.p. compared with the previous quarter and 0.8 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 1.65 million, which represented an increase of 178,000 from a year earlier and of 22,000 compared with Q3. Meanwhile, the employment rate amounted to 50.6% in Q4, down by 0.5 p.p. versus the previous quarter and up by 0.2 p.p. year-on-year. At the same time, the number of economically inactive persons rose by 0.8% on a quarterly basis and climbed back above the 14 million mark. The economic activity rate declined by 0.4 p.p. compared with Q3, to 55.8%. On a year-on-year basis the figure represented an increase of 0.7 p.p.

See also the news item ‘Unemployment rate rises to 13% in January’.

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