Sunday, April 2, 2023

Unemployment rate at 20-year low in 2022

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At the end of December, 96,941 people were registered as unemployed at the regional employment centers (RAV). The rate in the last month of the year was 2.1 percent after 2.0 percent in November, as the State Secretariat for Economic Affairs (Seco) announced on Monday. The economists surveyed by the AWP news agency had expected values ​​of this magnitude.

The unemployment rate is usually subject to seasonal fluctuations because there is less work in the winter months, for example in construction, agriculture and gastronomy. The unemployment rate adjusted by Seco for seasonal factors even fell to 1.9 percent in December 2022 after 2.0 percent in the previous month.

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