In October 2023, the seasonally adjusted monthly unemployment rate remained steady at 2.5 percent, unchanged from the preceding month but displaying a decrease of 0.3 percentage points compared to the same month in the previous year.
Throughout this period, the total number of unemployed individuals numbered 7,613, with the 25 to 74 age group contributing significantly to the overall unemployment figure. Among them, 2,007 were youth, and 5,606 were individuals aged between 25 and 74.
Breaking down the data, the unemployment rate for males in October 2023 was 2.4 percent, marking a 0.1 percentage point decrease from the previous month. Concurrently, the unemployment rate for females held steady at 2.6 percent, consistent with the figures reported in September 2023.
Examining age-specific unemployment rates, individuals aged 15 to 24 years experienced a 7.0 percent unemployment rate, representing an increase. In contrast, those in the 25 to 74 age bracket saw a 2.0 percent unemployment rate, indicating a slight decrease of 0.1 percentage points compared to September 2023.
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