NUMBER OF UNEMPLOYED PEOPLE INCREASED BY 506K WHILE EMPLOYMENT ROSE BY 125K
Unemployment level rose at a high rate of 506 thousand as opposed to the increase in employment level by 125 thousand and hence total labor force increased by 631 thousand. Therefore, unemployment rate rose by 1.4% MoM and reached 12%. Labor force increased following the falls in the last three months. On the other hand, the rate of increase in employment level reduced following a big hike (583 thousand) in June. According to the sectorial data, employment level in manufacturing and construction sectors declined while employment level in agricultural and services sectors increased. In July, employment level in services sector rose by 454 thousand whereas agricultural employment level rose by 17 thousand. Employment levels in manufacturing and construction sectors declined by 287 thousand and 60 thousand, respectively.
Seasonally adjusted female unemployment rate rose by 0.2% MoM to 14.4%. On the other hand, seasonally adjusted male unemployment rate rose by 1.9% to 10.8% because of a decline in employment level by 191 thousand and a rise of unemployed people by 432 thousand. Female employment rose and male employment declined while both female and male labor force increased. As a result of the dramatic fall in male employment, gender gap in unemployment rates reduced by 1.7% to 3.6%.