Registrations of new jobless claims to the lowest level in four years – Jornal de Negócios – Portugal

Throughout the month of May have registered at job centers 48 152 people, which according to the official series is the lowest flow since April 2011.

Throughout the month of May have registered at job centers 48 152 unemployed, 10% less than last month and 3% less than in the same period, as revealed by the information published by the Employment and Vocational Training Institute (IEFP ). The series published by Banco de Portugal shows that this is the lowest number in four years, from April 2011.

This data refers to the flow of unemployed, reflecting the sum of all those who over of the month whether to registering as unemployed. It is therefore seen as an indicator that anticipates trends in the labor market. In recent months, had shown signs contrary:. In March and May this flow had increased YoY

Some of the people who register as unemployed during the month get jobs or are placed in political programs active employment. Others are canceled, which according to reports the public a few weeks ago is made without notice. The number of registered unemployed at the end of the month depends on what is happening to these people.

The information published this Friday, June 19, also reveals that at the end of May were registered 554 070 people as unemployed, a drop of 13% YoY and 3.4% from the previous month. This number does not count, for example, people who are in work placements or some other active employment measures. The series of the Bank of Portugal reveals that the data now presented by the IEFP to May is the lowest since August 2011.

The manufacture of non-metallic mineral products, construction and trade and repair of vehicles were the sectors with the largest decreases in the number of registered unemployed. The number fell in all regions, but more sharply in the Algarve, whether on-year (17.6%) and in the previous month (-13.2%).