Overview
- The jobless rate fell from 7.7% in Q2 (132,000 people) to 6.3% in Q3 (107,000) but was unchanged from a year earlier.
- Women face higher unemployment at 7.4% versus 5.2% for men, and they account for 57.8% of the unemployed.
- Hourly underemployment stands at 8.2%, down 1.9 points year over year, with 56.6% of the underemployed not seeking more hours.
- Signs of precarious work persist as 58.1% of salaried workers lacked social security registration and 92.8% of the unemployed last worked in the private sector.
- Territorial gaps remain, with the South zone at 7.4% unemployment and stronger activity and employment rates recorded in the North and Center.