Flash Note

Dear subscriber [name],

We are sending our most recent Flash Note.

Highlights:

Unemployment is expected to break below 30% again in Q4;
The unemployment rate decreased by 4.1 percentage points (pp) to 30.0% in Q4 2022, when compared to the same period.
The recovery in the economy is leading to a decline in the unemployment rate in Angola;
The informality of the Angolan economy remains very relevant - in the third quarter of the current year, the number of people employed in the informal market increased 433.0 thousand (+5.0%yoy) to 9.1 million, representing approximately 80% of the total number of employees in Angola;
We expect the situation in the labour to continue improving, with the unemployment rate falling between 28-29% in Q4, below the 29.0% low recorded at the start of the statistical series in Q2 2019;

Best regards,
BFA

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