Monday, January 30, 2017

Unemployment at lowest since 2009 – the Journal News

The unemployment rate stood at 10,2% in December, according to the provisional estimate released on Monday by the National Statistics Institute.

THE INE reveals that the unemployment in November was 10.5 percent, the lowest since April 2009.

The provisional estimate of unemployed population in December was 519,5 thousand persons and the employed population was 4,587 million people.

In November of 2015, the unemployment rate stood at 10,5%, down 0.1 percentage points from the previous month (by 0.4 percentage points over the three months before) and a value equal to the provisional estimate released a month ago.

“it Is also the lowest value observed since April 2009 (10.3% increase),” said the INE.

The estimate definitive of the unemployed population in November was 537,7 thousand persons, having decreased by 1.3% compared to the previous month (less than 7.2 thousand persons), while the employed population was estimated at 4,581 million people, virtually unchanged from the previous month.

In December 2015, the rate of unemployment was 12.2%.

The unemployment rate of women (10,3%) exceeded that of men (10,0%) at 0.3 percentage points, the first having fallen by 0.2 percentage points, and the second 0.5 percentage points.

The rate of youth unemployment stood at 26.4% and down 0.8 percentage points from the previous month, while that of adults was 8.9% and decreased by 0.3 percentage points compared to the month of November.

According to the INE, the decrease in the monthly unemployment rate was accompanied by a decrease in both of the unemployed population (1,2%, equivalent to 6.3 thousand people), as the employed population (0.2%, to 9,1 thousand persons).

For the reduction year-on-year contributed to the decrease of the unemployed population (up 14.3% or 90,7 thousand people) and the increase of the employed population (1.8%, corresponding to 82.7 thousand people).


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