Wednesday, February 10, 2016

Unemployment rises to 12.2% in the last quarter of 2015 – publico





The unemployment rate stood at 12.2% in the last three months of the year, registering an increase of 0.3 percentage points over the previous quarter. The data was released on Wednesday by the National Statistics Institute (INE) which accounts for nearly 634,000 unemployed, another 15 thousand more than in the quarter that ended in September.

The quarterly increase in unemployment occurs after the rate has stabilized at 11.9% between the second and third quarters of the year.

the quarterly increase in the unemployment rate was noted particularly in men (15,800 more unemployed), which completed secondary education or post-secondary (over 17,900) and were looking for their first job (over 9000). Among workers seeking new employment, there was a worsening of those who had previously worked in agriculture, animal husbandry and fisheries (over 5900) and in the services sector (over 5800).

In the final straight of 2015, INE realize a decrease of 0.3% in employment, a trend that was already evident in the monthly data recently released by the INE. There were 4,561,500 people employed less than 13,800 in the previous three months.

The quarterly decrease of the employed population occurred mainly in women (under 17,200), in people 15 to 34 years (under 26,300) and had, at most, the 3rd cycle of basic education (under 43,000). Agriculture, animal husbandry and fishing was the most jobs lost sector (under 19,000), followed by industry and construction (minus 5200). Employment for others also recorded a decrease of 8200 people.

The INE data also show a reduction of full time employed population (-0.8%), while part-time employment increased 3.7% in the quarter. The phenomenon of underemployment part-time (people working part-time but intending to work full time) also increased by 10.4%.

Compared to 2014, we find an improvement in conditions labor market. The unemployment decreased by 1.3 percentage points, corresponding to 64 400 fewer unemployed people. The employed population had increased by 69,900 persons (1.6% more).

Average annual rate fell to 12.4%
Looking At middle of 2015, the unemployment rate stood at 12.4%, representing a decrease of 1.5 percentage points compared to 2014. This rate represents 646,500 unemployed less than 79 500 the previous year.

the employed population increased by 49,200 people to a total of 4,548,700.

End of Summer brings increased record unemployment in the Algarve
Algarve was the region that suffered most from the increase in unemployment. The third to the fourth quarter, with the end of the summer high season, the unemployment rate rose from 10.2% to 12.9% (2.7 percentage points), the highest increase among the seven regions of the country and well above the national average (which was 0.3 percentage points).

But it was not only in the Algarve that rising unemployment exceeded the average. The same happened in Alentejo (1.5 percentage points), the center (0.8 points) and the Azores (0.5 points).

The data released Wednesday by Statistics show that unemployment rate was higher than the national average (12.2%) in Madeira (14.7%), the North (13.5%), Alentejo (13.3%), Algarve (12.9%), Azores (12.6%) and Lisbon (12.5%). Below the average found only the center (9%).

Although the Algarve was the region where unemployment further increased compared to the previous quarter, the outlook is still better than that observed in 2014. the INE reveals that in the same quarter, this is among the regions where unemployment fell more.

the three largest decreases counterparts found in the Azores (minus 2.9 percentage points) Algarve (minus 2 percentage points) and Centro (down 1.7 percentage points).

in the remaining regions, unemployment also experienced reductions decreased although smaller, following the national trend.

in the quarterly estimates, the INE considered the population aged 15 and over and the data presented do not take into account the effect of seasonal activities. The monthly estimates released by INE since November 2014 considered the group of 15 to 74 years old and present seasonally adjusted data.



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