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According to the Labor Force Survey (EPA) published on Friday by the National Institute of Statistics (INE), unemployment fell by 193,400 people in 2023 to 2.83 million unemployed, reducing the unemployment rate by eight hundredths (to 11.76%). .
This increase in employment, which is greater than the decrease in unemployment, has been made possible by the increase in the labor force, with 589,600 people leaving unemployment in 2023, representing an activity rate of 58.99% of the total population.
Employment growth in 2023 was possible despite a decline in the last quarter (19,000 fewer workers employed), which was smaller than in 2022, but this contrasts with the strong increases in the pandemic and pre-pandemic years (in 2019 92,600 jobs were created in 2019). last months of the year).
As for unemployment, 24,600 people left the jobless list in the last three months of the year, a figure that contrasts with the increase of 43,800 at the end of 2022, returning to levels similar to pre-pandemic levels.
On a year-over-year basis, the number of new jobs created in 2023 nearly tripled from 278,900 in 2022 and is approaching the 840,700 created in 2021 amid the post-pandemic recovery.
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