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30.11.2023. -
Labour market dynamics in the third quarter 2023.


According to the data from the Labour Force Survey, in the third quarter of 2023, compared to the third quarter of the previous year, there was an increase in the employment rate by 0.5 percentage points (p.p) and a decrease in the rate of the population outside the labour force by 0.7 p.p., while the unemployment rate remained unchanged. The employment rate for the given period was 50.7%, the unemployment rate was 9.0%, while the rate of population outside the labor force was 44.2%.

Compared to the third quarter of 2022, total population aged 15 and over decreased by 56 900 and in the third quarter of 2023 it amounted to 5 693 500. The number of active persons increased by 3 900, and the contingent of the population outside the labour force decreased by 60 800. The number of active persons in the third quarter of 2023 was 3 174 200, and the number of the population outside the labour force was 2 519 300. Within the contingent of the active population, i.e. labour force, the number of the employed increased by 3 000 and the number of the unemployed by 900 persons. Thus, the number of the employed in the third quarter was 2 888 500, and the number of unemployed was 285 700. 

The rate of total informal employment is lower compared to the third quarter of 2022 by 0.5 p.p. and in the third quarter of 2023 it was 12.8%. Informal employment outside agriculture is lower by 0.3 p.p. and in the third quarter of 2023 it was 6.5%, while in the agricultural sector it was higher by 1.4 p.p. and amounted to 53.5%. 

In the third quarter of 2023, compared to the second quarter, there was an increase in the employment rate by 0.3 p. p., reducing the unemployment rate by 0.6 p.p., while the rate of the population outside the labour force remained unchanged.