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31.05.2022. -
Labour market dynamics in the first quarter 2022


According to the LFS data for the first quarter 2022 number of the employed amounted to 2 869 700, and number of the unemployed to 341 400. Employment rate for the mentioned period amounted to 49.3%, while unemployment rate had the value of 10.6%. 

Compared to the first quarter of 2021, the employment rate increased by 3.0 percentage points (pp), and the unemployment rate decreased by 2.2 percentage points. The year-on-year increase in the number of employed is 147 500, while the year-on-year decrease in the number of unemployed is 58 000. In the last year, noted was a significant decrease in the population out of labour force (-143 400), and their transfer to the contingent of active population, i.e. employed. The total population aged 15 and over in the first quarter of 2022, compared to the first quarter of 2021, decreased by 53 900. In the first quarter of 2022, compared to the first quarter of 2021, unemployment decreased by 58 000 (14.5%) predominantly in the age category of the population aged 15-44, where the number of unemployed decreased by 40 500, and in the population with secondary and higher education, where the number of unemployed decreased by 58 500 in one year. 

In the first quarter of 2022, employment decreased by 47 700, and unemployment increased by 24 700 compared to the fourth quarter of 2021, which led to a decrease in the employment rate by 0.7 p.p. and an increase in the unemployment rate by 0.8 p.p. The contingent of the population out of labour force slightly increased (by +5 900 or 0.2%) compared to the previous quarter, which caused a slight increase in the rate of the population out of labour force of 0.2 p.p. in the specified period.