Unemployment stabilizes in 11.1% in July – publico

 
         

                 

                         
                     

                         

                 

 
 

After three months in the fall, the provisional unemployment rate for July was stable at 11.1%. The estimates on the progress of the labor market, released on Tuesday, the National Statistics Institute (INE) lowers the June unemployment rate (to 11.1%) and changes the way shows the monthly data, giving more emphasis to the final unemployment rate than the provisional data for July.

the INE begins by noting that the final estimate of the June unemployment rate stood at 11.1%, “pursuing downward trend observed since February 2016 “. This figure explains, results from a downward revision from the provisional rate calculated above (from 11.2% to 11.1%).

This rate translates into 565,500 people unemployed, less 7300 than in the previous month. The employed population increased to 4,548,000 people, representing more 20,800 than in May.

Only after realizing the definitive data June, INE advances to the provisional estimates of July, pointing to a stabilization of unemployment in 11.1%, affecting 567,300 people. Also in July 2016, there has been a monthly increase in unemployed women population (1.5%; 4.1000) and adults (0.4%; 2.0000). The number of unemployed youth remained virtually unchanged from the previous month and the unemployed men decreased (0.8%; 2200).

Since the employed population is 4.558 million of people.

as with the data of June, the rate calculated for July is provisional and subject to revision. This is because the monthly estimates of the unemployment rate INE concern the quarter focused this month – that is, the data of July concerning the June, July and August (and that for the most recent month, the values ​​are calculated by projecting ).

the INE publishes every month estimates for the unemployment rate and four times a year determines the quarterly unemployment. These statistics have several differences. The monthly figures are seasonally adjusted and consider the population from 15 to 75 years while the quarterly statistics consider the population aged 15 or more years and do not take into account the effects of seasonality in employment and unemployment.

in the second quarter of 2016, the unemployment rate was 10.8%, the lowest level since 2011.