Key findings: P0211 - Quarterly Labour Force Survey (QLFS), 4th Quarter 2020

The results of the Quarterly Labour Force Survey (QLFS) for the fourth quarter of 2020 show that the number of employed persons increased by 333 000 to 15,0 million in the fourth quarter of 2020, and the number of unemployed persons also increased by 701 000 to 7,2 million compared to the third quarter of 2020, resulting in an increase of 1,0 million (up by 4,9%) in the number of people in the labour force. The number of discouraged work-seekers increased by 235 000 (8,7%), and the number of people who were not economically active for reasons other than discouragement decreased by 1,1 million (7,4%) between the two quarters, resulting in a net decrease of 890 000 in the not economically active population. The movement was proportionately more towards the unemployed than for the employed, which resulted in a significant increase of 1,7 percentage points in the official unemployment rate to 32,5% - the highest since the start of the QLFS in 2008. The unemployment rate according to the expanded definition of unemployment decreased by 0,5 of a percentage point to 42,6% in quarter 4 2020 compared to quarter 3 2020.