2022 Edition 8 MONTHLY STATISTICAL BULLETIN In August, the unemployment rate stood at 6.0% and the underutilisation rate of work at 11.5% These estimates are 3-month moving averages centred on the reference month. Thus, we calculated the provisional results for August from data collected in July, August, and September, while in the calculation of the final figures for July we were able to include all the data gathered in June, July and August. We calculate estimates considering the population from 16 to 74 years old and adjust the values for seasonality. August 2022 (provisional results): • The unemployment rate stood at 6.0%, the same as in July and May 2022, and lower by 0.3 p.p. than in the same month 2021; • The inactive population (2,461.8 thousand people) decreased by 0.4% compared to July 2022, 0.7% compared to May of the same year and 2.2% compared to August 2021; • The labour force (5,196.9 thousand) increased by 0.1% compared to the previous month, 0.3% compared to three months earlier and 0.7% compared to August 2021; • The employed population (4,884.4 thousand) also recorded increases regarding the three comparison periods: 0.1%, 0.3% and 1.0%, respectively; • The unemployed population (312.5 thousand) increased from the previous month (0.8%) and three months earlier (0.4%), and decreased (4.3%) compared to August 2021; • The labour underutilisation rate stood at 11.4%, 0.1 p.p. less than the previous month and three months earlier, and 0.7 p.p. less compared to August 2021. Unemployment rate (seasonally adjusted data) (p) (p) Provisional estimate 6.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% Aug-13 Aug-14 Aug-15 Aug-16 Aug-17 Aug-18 Aug-19 Aug-20 Aug-21 Aug-22
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