THE RISE IN EMPLOYMENT HALTS
Since the number of employment decreased by 43 thousand and the number of unemployed persons increased by 21 thousand, the labor force declined by 22 thousand. As a result, the unemployment rate did not change from December to January and remained at 11.4%. Seasonally adjusted female unemployment rate edged down by 0.3 pp MoM to 13.6% as the female employment and the female labor force rose by 79 thousand and 51 thousand, respectively. On the other hand, seasonally adjusted male unemployment rate rose by 0.2 pp to 10.3% following the decreases in male employment and male labor force by 122 thousand and 73 thousand, respectively. In January, female employment expanded more than female labor force, and the number of unemployed females decreased by 28 thousand while the number of unemployed males increased by 49 thousand. Following these developments, the gender gap in the unemployment rates of females and males edged down to 3.3%.
READ MORE →