Monday, May 30, 2016

Unemployment rate remained at 12% in April – Sun

unemployment rate remained at 12% in April, according to provisional estimates released Monday by the National Statistics Institute (INE).

According to the INE, in April there was 609,800 people unemployed, representing a decrease of 0.4% from the final value obtained for March 2016 (about 2.5 million people).

the data of the statistical agency show yet for lowering youth unemployment of 4.6% (-5.2 thousand young people) and 1% among women (about three thousand).

the unemployment rate among young people stood at 29.9%, representing a decrease of 1.2 percentage points (pp) compared to March.

the number of unemployed men “remained virtually unchanged from the previous month,” while the unemployed adults increased by 0.6% (over 2800 men)

the adult unemployment rate was 10.6%, which represents an increase of 0.1 pp over the month above.

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