Key Highlights

• The labour force participation rate among the working-age population declined to 79.5% in Q3 2023 compared to 80.4% in Q2 2023.
• The employment-to-population ratio was 75.6% in Q3 2023 with a decrease of 1.5% compared to a ratio of Q2 2023.
• The combined rate of unemployment and time-related underemployment as a share of the labour force population (LU2) increased to 17.3% in Q3 2023 from 15.5% in Q2 2023.
• About 87.3% of workers were self-employed in Q3 2023.
• The proportion of workers in Wage Employment in Q3 2023 was 12.7%
• The unemployment rate increased significantly in Q3 2023 at 5.0%. This is an increase of 0.8% from Q2 2023.
• The rate of unemployment among persons with post-secondary education was 7.8% in Q3 2023
• The unemployment rate among youth aged (15-24 years) was 8.6% in Q3 2023. Increase of 1.4% compared to Q2 2023.
• The unemployment rate in urban areas was 6.0% in Q3 2023, a slight increase of 0.1% from Q2 2023.
• Time-related underemployment in Q3 2023 was 12.3%, showing a slight increase of 0.5% from the rate recorded in Q2 2023. This shows an increase of 1.4% compared to the rate in Q4 2022.
• 4.1% of the working-age population was in subsistence agriculture in Q3 2023.
• Informal employment rate in Q3 2023 was 92.3%, while Q2 2023 was 92.7%. 
• Percentage of youth Not in Employment, Education or Training (NEET Rate) was 13.7% in Q3 2023.  

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