- October 17, 2023
- Posted by: andorrasolutions
- Category: News Andorra
Andorra has registered the highest labor force employment rate in the last 10 years. According to the press release published by the Department of Statistics of Andorra on October 9, 2023, Labor Force Survey. 2nd Quarter 2023, the employment rate is 83.0% of the population between 15 and 64 years of age, being the highest labor occupation rate in Andorra in the last 10 years. This represents an increase of 0.6 points when compared to the previous year or Q1 2023.
The number of employed persons is estimated at 50,504. The employment rate for women increased by 2.1 points in annual terms and by 1.3 points compared to the previous quarter. For men, the rate decreased 0.8 points compared to the previous year and 0.1 points compared to the previous quarter.
By age, it is noteworthy that the rate for adults between 55 and 64 years of age has increased 5 points compared to the previous year and 1.3 points on a quarterly basis.
The unemployment rate is at 1.5% of the labor force. This means that 780 people between 15 and 74 years of age are unemployed. Compared to the previous year, the unemployment rate is down 0.4 points and 0.6 points quarterly. Compared to the previous year, the unemployment rate increased 0.7 points among men and decreased 1.6 points among women. On a quarterly basis, the unemployment rate falls for both men and women, by 0.1 and 1.2 points respectively.
More information on the above data, and others, can be found in the report presented by the Department of Statistics of Andorra.