Employment and Unemployment Estimates, March 2017, INE
Page created: Friday, 28 April 2017 16:18GMT
Thematic:
The February 2017 unemployment rate was 9.9%
The February 2017 unemployment rate stood at 9.9%, down by 0.2 percentage points (p.p.) from the previous month’s level and by 0.6 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 (10.0%). That estimate is also the lowest observed since February 2009 (9.7%).
The February unemployed population was estimated at 508.3 thousand people, having decreased by 1.9% from the previous month’s level (9.9 thousand fewer people), while the employed population was estimated at 4,630.2 thousand people, having increased by 0.5% (22.6 thousand more people) from the previous month’s level.
The provisional unemployment rate estimate for March 2017 was 9.8%. For this month, the provisional estimate for the unemployed population was 504.0 thousand people and for the employed population it was 4,646.1 thousand people.
- Employed population and employment rate
In February 2017, the employed population was estimated at 4,630.2 thousand people, having increased by 0.5% (22.6 thousand) from the previous month (January 2017) and by 1.0% (43.7 thousand) from three months before (November 2016). That value was revised upwards, from the provisional one released a month ago, by 0.4% (19.7 thousand).
In March 2017, the provisional estimate for the employed population was 4,646.1 thousand people, having increased by 0.3% (15.9 thousand) from the previous month (February 2017) and increased by 0.9% (41.6 thousand) from three months before (December 2016).
Still in March 2017, and comparing to the previous month, the employed population increased for all groups under analysis: adults (25 to 74 years old) (0.3%; 11.9 thousand); women (0.5%; 11.1 thousand); men (0.2%; 4.8 thousand); and young people (15 to 24 years old) (1.5%; 4.0 thousand).
The employment rate stood at 59.6%, having increased by 0.2 percentage points (p.p.) from the previous month’s level and by 0.5 p.p. from three months before.
The employment rate of men (63.7%) exceeded that of women (55.8%) by 7.9 p.p.. Both rates increased when compared to the previous month’s value, the former by 0.1 p.p. and the latter by 0.2 p.p.. The employment rate of adults was 65.2%, up 0.2 p.p. from the previous month’s level. The employment rate of young people was 25.6% and increased by 0.3 p.p. from February 2017.
