Labour participation rate hit record high in June, unemployment rate unchanged
The unemployment rate remained unchanged for the eighth straight month at 3.3% in June (May: 3.3%), thanks to stable labour market conditions:
- Unemployment numbers fell by 0.1% MoM (May: -0.1%): extending a 35-month decline.
- In absolute terms, the number of unemployed persons fell to 565.3k (May: 566.1k), approaching the pre-pandemic level (Feb-20: 525.2k). Meanwhile, the actively unemployed fell slightly to 451.9k (May: 452.0k), and those unemployed for less than three months decreased to 277.9k (May: 278.1k), the lowest since April 2020.
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