Labour market situation will deteriorate in autumn but a turn for the better is expected next year
According to the Ministry's labour market forecast, the employment rate will begin to fall this autumn and unemployment will increase. The employment rate will start to grow already during 2025 as the general economic situation improves.
The number of lay-offs will increase considerably this autumn. According to the forecast, the number of people fully laid off will rise to nearly 40,000 in the early part of the year.
The employment rate will fall in 2024 compared to this year, but will increase again in 2025. The employment rate of those aged between 20 and 64 years will remain unchanged this year but will decrease by 0.1 percentage points next year. In 2025, the employment rate will rise to 78.7 per cent – an increase of 0.7 percentage points from 2024. The employment rate of those between 15 and 64 years will be 73.7 per cent this year, 73.5 per cent next year and 74.1 per cent in 2025.
The unemployment rate will rise by 0.5 percentage points this year and will be 7.3 per cent on an annual basis. The unemployment rate will rise to 7.4 per cent next year but drop to 7.0 per cent in 2025.
- Choosing or changing professions
- Handling official matters and registering as a job seeker