The unemployment rate in Portugal remained unchanged in June from the previous month, announced Thursday the National Statistics Institute (INE), at the same time revised sharply downwards the same indicator for the month May.
Published data now point to the unemployment rate (temporary and corrected by the effects of seasonality) has been located in the 12.4% in June. This is the same number calculated for the month of May, which points to stabilization of this indicator in early summer.
According to the INE, was in Portugal about 615,000 unemployed in June, a number virtually unchanged from May.
However, one must keep in mind that the value of the registered unemployment in May was now heavily corrected face the first estimate carried out for about a month by INE. At the time, the statistics office had indicated that the unemployment rate had grown from 12.8% in April to 13.2% in May. After all, now reveals the INE, had dropped from 12.8% to 12.4%, a rather more positive result
You can -. And even probable in view of what has been happening in the window monthly unemployment since it began to be calculated. – the rate for May still to be subject to a review in the next month, the time when the INE to merely “provisional” to “definite”
The INE explained that the monthly unemployment data now published for June “are temporary, since it is a mobile quarter in which for the first two months the collection of the Labour Force Survey information has been completed (May and June 2015) and for the third month a projection was held (July 2015) based on time series models. “
The quarterly unemployment data, for the period from April to June this year will be published by INE next Wednesday, August 5th. In the first quarter of the year, the unemployment rate stood at 13.7%, 0.2 percentage points higher than the fourth quarter of 2014 and 1.4 percentage points less than in the same quarter last year.
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