Higher YOY Unemployment Rate for October 2020

• The Unemployment Rate for October 2020 was 10.7% which was 3.5 percentage points higher than the rate of 7.2% for October 2019.
• The unemployment rate for males increased by 2.7 percentage points to 8.6% and for females, it increased by 4.4 percentage points, to 13.0%.
• The Employed Labour Force for October 2020 was 1,155,800 persons, which was 92,600 (7.4%) fewer persons compared with the 1,248,400, recorded in October 2019.
• In October 2020, the largest declines in the number of persons employed by industry groups were in ‘Arts, Entertainment, Recreation, and Other Services’ (36,900 or 27.9%), ‘Accommodation and Food Service Activities’ (23,400 or 22.1 %), and ‘Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles’ (15,800 or 6.6 %) compared to October 2019.

(Source: STATIN)