Unemployment rate hit 3.1% in December, the lowest in a decade
The unemployment rate fell to 3.1% in December (Nov: 3.2%), with the 2024 average at 3.3% (2023: 3.4%), in line with house forecast
- Unemployment fell 0.4% MoM (Nov: -0.9%), marking a 41-month decline, though at the slowest pace in five months.
- The number of unemployed dropped to 544.3k (Nov: 546.7k), nearing pre-pandemic level (Feb-20: 525.2k).
- Meanwhile, the actively unemployed fell to 432.8k (Nov: 436.2k), the lowest since March 2020 (422.9k).
Download Full Content:
