Monthly Statistical Bulletin, August 2022

AUGUST 2022 13 MONTHLY STATISTICAL BULLETIN Unemployment rate (seasonally adjusted data) (p) Provisional estimate In July, the unemployment rate stood at 5.9 % and the labour underutilisation rate at 11.5% These estimates are 3-month moving averages centred on the reference month. Thus, we calculated the provisional results for July from data collected in June, July, and part of August, while in the calculation of the final figures for June we were able to include all the data gathered in May, June, and July. We calculate estimates considering the population from 16 to 74 years old and adjust the values for seasonality. In July 2022 (provisional results): • The unemployment rate stood at 5.9 %, 0.1 p.p. lower than the previous month and also down 0.7 p.p. from July of the last year, while unchanged from three months earlier; • The inactive population (2,478.0 thousand people) increased from the previous month and three months before (0.3% and 0.1%, respectively) but decreased from a year earlier (1.0%); • The active population (5,182.5 thousand) decreased 0.1% from June and increased 0.1% when compared to July 2021, while unchanged from April 2022; • The employed population (4,876.2 thousand) decreased compared to the previous month and three months before (0.1% in both) but increased 0.9 % compared to the last year's same month; • The unemployed population (306.2 thousand) decreased compared to the previous month (1.1%) and July 2021 (10.2%) while increasing by 0.6% compared to April 2022; • The labour underutilisation rate stood at 11.5%, 0.1 p.p. down from the previous month, 0.1 p.p. more than three months before, and 0.9 p.p. less than in the same month of the last year. (p) 5.9% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18 Jul-19 Jul-20 Jul-21 Jul-22