Unemployment Rate Remains Stable at 16.0% in Q3 2024
According to recent data from the National Institute of Statistics, the unemployment rate remains stable at 16.0% (compared to 16.0% in the second quarter of the same year).
Breakdown by Sex
The unemployment rate has decreased to 13.3% for men (13.6% in the second quarter of 2024), while it has increased to 22.1% for women (21.3% in the previous quarter).
Youth Unemployment
The unemployment rate among young people (15-24 years old) has decreased, reaching 40.5% compared to 41.0% in the second quarter of the same year.
Unemployment among Higher Education Graduates
25% of higher education graduates are unemployed, compared to 23.0% in the second quarter of the current year. Specifically, this rate is 17.0% among men and 31.6% among women.
Active Population on the Rise
The active population has increased, reaching 4,179.1 thousand individuals, up from 4,146.1 thousand, representing an increase of 33.0 thousand individuals.
Composition of the Active Population
The active population is composed of 2,894.8 thousand men and 1,284.3 thousand women, representing 69.3% and 30.7% of the total active population, respectively.
Activity Rate
The increase in the active population during the third quarter of 2024 corresponds to a 0.2 percentage point increase in the activity rate, which reaches 46.2% of the population aged 15 and over, compared to 46.0% in the previous quarter.
Distribution of Employed Persons by Sector
The distribution of employed persons by sector is as follows: 54% in the services sector, 19% in the manufacturing industry sector, 14% in the non-manufacturing industry sector, and 13% in the agriculture and fishing sector.
