Unemployment rate increased to 5.5% in Oct’23

17.11.2023 Source: Employment Agency; FFBH

According to data from the Employment Agency, the unemployment rate stood at 5.5% in Oct’23, which is 0.2% higher compared to previous month. The number of unemployed stood at 155 816 (+4.0% MoM) for the month. In October, 28.3k (+27.8% MoM) people registered as new unemployed, while the number of people who started working reached 13.1k (-1.2% MoM). The new jobs openings in the primary labour market amounted to 10.5k (-2.1% MoM).