The unemployment rate in Portugal rose again and crossed the 14% in February 2015.
The unemployment rate estimated by INE for the month of February was 14.1%, an increase of three tenths compared to 13.8% in January (revised upward), and a return to values above 14% of the workforce, a barrier that had been cut a year ago , advanced Monday morning, 30 March, the National Statistics Institute (INE).
The INE realize that the “unemployed population was estimated at 719,600 people, which representing an increase of 1.7% compared to January 2015 (over 11,700) “and that” the employed population was estimated at 4399 people, decreasing 0.3% (less 11,1mil) from the previous month ” .
The figures by INE, which since October monthly publishes an estimate of the unemployment rate and the employed and unemployed population, include an upward revision of the previous value of the unemployment rate in January 2015, advanced 13.3% a month ago, to 13.8%, which brought an increase in the unemployment rate in the start of the year, not decrease as under the previous value.
With the data now available, the monthly unemployment rate is rising in Portugal since September 2014 (13.3%), with the exception of November, when stabilized at 13.5%, and then continue to rise to exceed 14% February 2014. The figure compares with 14.9% a year ago
In terms of age, young people (aged 15 to 24 years) remain the most affected by unemployment:. an unemployment rate 35%, up five tenths as in January, and a decrease of 1.1 points compared to the figure of a year ago. The unemployment rate for adults is lower: 12.4% in February, two tenths more than the previous month, but down from 13.2% a year ago.
The estimates put forward by the INE are adjusted seasonally, that result from the application of a filter that tries to adjust the actual values because the economy is recording seasonal fluctuations throughout the year with an impact on activity and employment. Considering the actual values, this is not seasonally adjusted, the unemployment rate in February was 14.5%, an increase of four tenths as in January, and a value compared with 15.3% a year ago.
(News in updated at 11.50)
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