Page 33 - economic report 2021

Note that 92% of the unemployed are short-
term and that 45.6% have been looking for EMPLOYED AND UNEMPLOYED
work for less than three months. Only 8% of POPULATION - In thousands and % Chart 4.7
the unemployed have been looking for work
for more than a year, although this percentage
increased four tenths in comparison with 2020.

Unemployment continues to affect women
more, with the unemployment rate remaining
at 3.4%, whereas the unemployment rate
for men fell one tenth to 2.4%. By ages,
unemployment in the youngest bracket (ages
15-24) did see an improvement in 2021, falling
almost three points to 14.6%. In contrast the
unemployment rate of the eldest bracket (ages Employed Unemployed
55-64) almost doubled to reach 3.8%, while it Unemployment rate (%, right axis)
shrank slightly in the 25-54 age bracket, from Source: Workforce Survey. Department of Stat st cs.
2.1% to 1.9%.

In parallel, within the context of a growing The employed populat on increased
active population, the number of employed at a rate of 2.4%, the strongest
aged 15-64 increased 2.4%, according to the in the last three years.
Workforce Survey, to 46,297, the strongest
rate in the last three years. Moreover, note
that by the end of 2021, the number of people on furlough, whether temporary suspension of 31
the employment contract (STCT) or a reduction in working hours (RJL), who are counted as
employed, fell to zero, contrasting with the 4,445 people in December 2020 and the more than
9,200 who found themselves in this situation in May of that year.

NUMBERS OF PEOPLE ON STCT/RJL AND GOVERNMENT CONTRIBUTION
Chart 4.8

Government contribut on to STCT/RJL Numbers on STCT/RJL The Andorran economy: general developments | IV. Population, employment and education

Source: CASS (Andorran Social Security System) / Department of Stat st cs.

By the end of 2021, there Consequently, the employment rate calculated
was no one on furlough. from the population aged 15-64 increased nine
tenths, to 81.1%, and is still clearly above the
European Union average (68.4%). Equally, the
activity rate increased eight tenths to 83.5%, which easily exceeds the EU average (73.6%).