Page 35 - Economic report 2020

The unemployment rate fell EMPLOYED AND UNEMPLOYED

to 2.1%, one of the lowest values POPULATION (AGED 15 AND OVER) Chart 4.7
in the historical series. In thousands and %

two special programmes were developed this
year: 1) one fostering the recruitment and
practical training within businesses of young,
working-age people who have achieved
skills from a programme of social inclusion
through employment, and 2) another fostering
recruitment in the private sector.

Unemployment continues to affect women
- for whom the unemployment rate fell from Employed Unemployed
3.4% in 2021 to 2.3% in 2022 - more than Unemployment rate (%, right axis)
men, for whom it fell from 3% to 1.8%. By Source: Workforce Survey. Department of Statistics.
ages, unemployment in the youngest bracket
(ages 15-24) saw an improvement in 2022,
falling almost five points to 10.4%. It also fell, but less, in the older bracket (ages 55-64) to reach
2%, and by almost one point in the segment of 25-54 years, to 1.3%.

In parallel, within the context of a growing The number of employed increased 3.4%,
working population, the number of employed the strongest rate in the last four years.
aged 15 and over increased 3.4%, according 33
to the Workplace Survey (EFT), to 49,775, the
strongest growth in the last four years. Moreover, note that within the post-pandemic context,
the number of those affected by furlough (STCT) or a reduction in working hours (RJL), who are
counted as employed, fell to zero at the end of 2021, and stayed practically the same for the
whole of 2022.

Consequently, the employment rate calculated
ACTIVITY RATE AND EMPLOYMENT from the population aged 15-64 increased
RATE, AGES 15-64 - As % Chart 4.8 one point, to 82.5%, the highest rate since
2011 and clearly above the European Union
average (69.9%). Equally, the Andorran activity
rate , which stayed at 84.2% for the second
2
consecutive year, easily exceeds the EU
average (74.5%).

Of the total employed population aged 15 and
above, 16.9% are self-employed and the rest Andorran economy: general developments | IV. Population, labour market and education
are employees, divided between the private
sector (66.7% of total employed) and the
Activity rate Employment rate public sector (16.4%). Regarding education,
65% of the employed have at least secondary
Source: Workforce Survey. Department of Statistics.
education, and regarding working hours, 91.8%

2 The employment rate is the ratio of the number of employed to the working-age population between the ages of 15 and 64, and the
activity rate is the ratio between the number of active people (employed or unemployed) and the working-age population between
the ages of 15 and 64.