In May 2023, the unemployment rate was recorded at 2.8%, showing a decrease of 0.1 percentage points compared to the previous month and a decline of 0.3 percentage points compared to the same month last year.
During this period, the total number of unemployed individuals amounted to 8,322, with males and the 25 to 74 age group contributing significantly to the overall unemployment figures. Among them, 2,150 were classified as unemployed youths, while 6,173 were individuals between the ages of 25 and 74.
In terms of gender, the unemployment rate for males in May 2023 stood at 3.0%, experiencing a decrease of 0.1 percentage points compared to the previous month. Conversely, the unemployment rate for females was 2.5%, which dropped by 0.1 percentage points from April 2023.
Furthermore, the youth unemployment rate for individuals aged 15 to 24 decreased to 8.3%, whereas the unemployment rate for those between 25 and 74 years old stood at 2.2%, showing a decrease of 0.1 percentage points from April 2023.
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