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of the same period in 2019 before the outbreak of the pandemic. Unemployment is at historic lows since October. Amid current high inflation rates, this
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of the labour market also confirms the end of the recovery phase. Unemployment is near record lows, with the number of vacancies close to its
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04.05.2026
2026 Q1 Unemployment was at a historic low (Chart В-1-1). In February 2026, it came in at 2.1% (SA). The lowest unemployment rate was
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27.04.2026
hiring velocity. There are no signs of an increase in labour supply: unemployment continues to trend downwards, coming closer to 2% (Figure 16 and Figure
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27.04.2026
6 24.04.2026
declining. Some companies have begun to lay off employees. That said, the unemployment rate stays at its record lows. This means that, in the vast
7 24.04.2026
planning more moderate wage indexations in 2026 compared to 2023–2025. Meanwhile, unemployment remains at historical lows, and wage growth is still outpacing growth in
8 24.04.2026
planning more moderate wage indexations in 2026 compared to 2023–2025. Meanwhile, unemployment remains at historical lows, and wage growth is still outpacing growth in
10 15.04.2026
year on average). • Unemployment rate: Forecasts have been lowered by 0.1 pp over the entire horizon. Analysts expect the average unemployment rate to be