HomeEconomythe economy loses 280,000 jobs in Q1-2023

the economy loses 280,000 jobs in Q1-2023

The national economy lost 280,000 jobs between the first quarter of 2022 and the same period of 2023, according to the High Commission for Planning (HCP).

This situation results from a loss of 229,000 jobs in rural areas and 51,000 in urban areas, specifies the HCP which has just published an information note relating to the situation of the labor market in the 1st quarter of 2023.

By type of job, 13,000 paid jobs were lost nationally, following a loss of 41,000 jobs in urban areas and the creation of 28,000 in rural areas.

Unpaid employment, for its part, experienced a loss of 267,000 jobs, the result of a loss of 11,000 jobs in urban areas and 256,000 in rural areas.

In the first quarter of 2023, the labor market situation was marked by a drop in activity and employment rates, notes the HCP, noting that the population of working age (15 years or more) has increased by 1.4%, compared to the first quarter of 2022, against a decline in the active population of 1.6%.

The activity rate thus fell from 44.5% to 43.1% between the two periods, from 41.9% to 41.2% in urban areas and from 49.3% to 47% in rural areas.

The employment rate, for its part, fell from 39.1% to 37.6% at the national level (-1.5 points). It fell from 46.8% to 44.3% in rural areas, from 35.1% to 34.1% in urban areas, from 62.3% to 60.3% among men (-2 points) and from 16.6% to 15.5% among women (-1.1 points).



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