October unemployment rate remains stable at 3.2% for third straight month
The unemployment rate stayed at 3.2% (Sep: 3.2%) for the third straight month, matching the pre-pandemic level and reflecting a stable labour market
- Unemployment numbers fell by 0.7% MoM (Sep: - 0.6%), extending a 39-month decline.
- In absolute terms, the number of unemployed persons fell to 551.4k (Sep: 555.3k), gradually approaching the pre-pandemic level (Feb-20: 525.2k).
- Meanwhile, the actively unemployed fell to 440.0k (Sep: 443.5k), the lowest since April 2020 (459.8k), with those unemployed for less than three months decreasing further to 273.7k (Sep: 275.0k), the lowest since April 2020.
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