According to economists, the February 2023 unemployment rate, which fell to its lowest since the Covid-19 pandemic, was already pointing to a trend of further recovery in the country’s labour market.
“Furthermore, this growth can attract more investors and generate additional business opportunities, thereby contributing to the long-term growth and development of the country,” it explained.“We forecast an average rate of 3.5% for this year.In absolute terms, the number of unemployed persons had declined for 19 straight months and at the fastest pace in five months, reflecting robust hiring in February 2023.
This was expected to be supported by continued growth in social and economic activities, particularly in the tourism sector, it noted. “This is likely due to the prospect of a global economic slowdown that could largely weigh on the export-related industries,” it added.
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