The 4th quarter unemployment rate was 10.5% and the 2016 average stood at 11.1%
The unemployed population, estimated at 543.2 thousand people, corresponded to a quarterly decrease of 1.2% (6.3 thousand fewer people) and to a year-on-year decrease of 14.3% (90.7 thousand fewer people).
The employed population, estimated at 4,643.6 thousand people, recorded a quarterly decrease of 0.4% (17.9 thousand fewer people) and a year-on-year increase of 1.8% (82.1 thousand more people).
In terms of the annual average, the unemployment rate was 11.1% in 2016, having recorded a decrease of 1.3 p.p. from 2015. The young people (aged 15 to 24) unemployment rate stood at 28.0%, down 4.0 p.p. from the previous year.
The unemployed population, estimated at 573.0 thousand in 2016, decreased by 11.4% from the previous year (73.5 thousand fewer people). The proportion of unemployed looking for a job for 12 months or longer (long-term unemployment) was 62.1%, having decreased by 1.5 p.p. from the former year. The employed population, estimated to be 4,605.2 thousand people, recorded an annual increase of 1.2% (56.5 thousand more people). The participation rate of the working age population stood at 58.5%, down 0.1 p.p. from 2015.
In these estimates, the population aged 15 and over was considered and the values are not seasonally adjusted.
- Labour force (active population)
The Labour Force Survey results for the 4 th quarter of 2016 indicate that the labour force (active population), estimated at 5,186.8 thousand people, decreased by 0.5% from the previous quarter (24.2 thousand) and by 0.2% from the same quarter of 2015 (8.6 thousand).
The participation rate of the working age population (15 years old and over) stood at 58.6%, having decreased by 0.2 p.p. from the previous quarter and remaining unchanged from the same quarter of 2015.
The participation rate of men (64.2%) exceeded that of women (53.7%) by 10.5 p.p..