In the fourth quarter of 2023, the number of unemployed as defined by the International Labor Office (ILO) increased by 29,000 from the previous quarter, reaching a total of 2.3 million people. Despite this increase, the unemployment rate is still lower than its peak in mid-2015 by three more points.
The unemployment rate decreased slightly for 15-24 year-olds and remained almost stable for those aged 50 or over. However, it increased slightly for 25-49 year-olds and barely decreased for women while increasing slightly for men. The long-term unemployment rate also increased very slightly, with an average of 571,000 people declaring to be unemployed and looking for one for at least a year in the fourth quarter of 2023.
On a related note, there has been an increase in personal profiles linked to jewelry and spray foam insulation on content related to unemployment rates. While unrelated to the discussion on unemployment rates at hand, it adds to creating additional content which could be organized into neat sections or paragraphs with related topics grouped together.