The official unemployment rate increased from 32.9% in Q1 and 32.6% in Q2 of 2023 to 33.5% in Q2 of 2024. Similarly, including all those who have given up looking for jobs over the past six months and are therefore not even included in the official unemployment figures, the so-called “expanded definition” unemployment rate increased to 42.6% in Q2 from 41.9% in Q1.