Employment and Unemployment Estimates, February 2017, INE

Page created: Friday, 31 March 2017 13:08GMT

Press Release:  31 March 2017 - 8 Page(s)
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Employment   Unemployment

The January 2017 unemployment rate was 10.1%

The January 2017 unemployment rate stood at 10.1%, down by 0.1 percentage points (p.p.) from the previous month’s level and by 0.5 p.p. from three months before. That value corresponds to a downwards revision of 0.1 p.p. from the provisional estimate released one month ago (10.2%). That estimate is also the lowest observed since March 2009 (10.0%).

The January unemployed population was estimated at 518.3 thousand people, having decreased by 0.4% from the
previous month’s level (2.0 thousand fewer people), while the employed population was estimated at 4,605.2 thousand people, having increased by 0.1% (2.8 thousand more people) from the previous month’s level.

The provisional unemployment rate estimate for February 2017 was 10.0%. For this month, the provisional estimate for the unemployed population was 510.6 thousand people and for the employed population was 4,610.5 thousand people.

  1. Employed population and employment rate

In January 2017, the employed population was estimated at 4,605.2 thousand people, having increased by 0.1% (2.8 thousand) from the previous month (December 2016) and by 0.5% (22.0 thousand) from three months before (October 2016). That value was revised upwards, from the provisional one released a month ago, by 0.3% (12.0 thousand).

In February 2017, the provisional estimate for the employed population was 4,610.5 thousand people, having increased by 0.1% (5.3 thousand) from the previous month (January 2017) and increased by 0.6% (25.5 thousand) from three months before (November 2016).

Still in February 2017, and comparing to the previous month, the employed population increased for men (0.3%; 7.9 thousand) and adults (25 to 74 years old) (0.1%; 5.2 thousand), decreased for women (0.1%; 2.6 thousand), and remained practically unchanged for young people (15 to 24 years old).

The employment rate stood at 59.1%, having increased by 0.1 percentage points (p.p.) from the previous month’s level and by 0.3 p.p. from three months before.

The employment rate of men (63.5%) exceeded that of women (55.2%) by 8.3 p.p.. When comparing to the previous month’s value, the former increased by 0.3 p.p. and the latter remained unchanged.

The employment rate of adults was 64.7%, up 0.1 p.p. from the previous month’s level. The employment rate of young people was 24.8% and remained unchanged from January 2017.



Original title:  The January 2017 unemployment rate was 10.1%

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