Overview

• Unemployment rose by 193,700 in Q1 2025 to 2.78 million, marking the highest first-quarter rate since 2013 at 11.4%.
• Employment fell by 92,500 to 21.76 million, with job losses concentrated in the services sector, which shed 112,000 positions.
• The active labor force expanded by 101,000 during the quarter, driven by 98,000 foreign entrants, contributing to the unemployment increase.
• Over the past year, employment grew by 500,000 while unemployment dropped by 189,000, reflecting broader labor market resilience.
• The Ministry of Economy highlights the data as evidence of a dynamic labor market with increasing job stability and higher-value roles.