The number of unemployed people declined by 4,489 from the previous month, or 3.6 percent, to 119,473 in February. Compared to the same month a year earlier, unemployment fell by 24,457, or 17.0 percent. Also, the number of jobseekers decreased by 3,053, or 1.5 percent, to 197,072; and dropped by 11,545 year-on-year, or 5.5 percent.
Youth unemployment rate, measuring job-seekers between 15 and 24 years old, was down to 2.3 percent in February from 2.4 percent a month earlier, with the number of young unemployed declining by 684, or 5.1 percent, to 12,779. Compared to February 2018, it decreased by 3,012 people, or 19.1 percent.
When adjusted for seasonal factors, the unemployment rate stood at 2.4 percent in February, unchanged from the previous month.