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Labor market: The number of unemployed back

The labor market situation is still dominated by a high unemployment rate. However, this rate fell in 2018, according to new data from the Office of the High Commissioner for Planning (HCP). Last year, the national economy created 112,000 jobs (91,000 in urban areas and 21,000 in rural areas) against a creation of 86,000 a year earlier.

In total, the number of unemployed fell by 48,000 to 1,168,000 unemployed. Thus, the unemployment rate fell by 0.4 point to 9.8%. It goes from 14.7% to 14.2% in urban areas and from 4% to 3.5% in rural areas. In detail, the largest job creation comes from the service sector (65,000), which outstrips agriculture, forestry and fishing (19,000), construction 15,000 and industry/crafts (13,000).

Other less positive data is the persistently declining activity and employment rates. In fact, the working-age population (aged 15 and over) continues to increase more significantly (+ 1.7%) than the truly active population (0.5%). In this context, the participation rate is limited to 46.2% compared to 46.7% in 2017.

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