SYNTHESIS INE@COVID-19, 2 mar-2021

March . 02 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 8/23 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt The volume of hours effectively worked increased by 8.5% compared with the 3 rd quarter of 2020 and decreased by 6.6% compared with the same quarter of 2019. The labour underutilization comprised 750.3 thousand people, corresponding to: • -7.8% (63.4 thousand) compared with the previous quarter; • +10.7% (72.3 thousand) vis-à-vis the same quarter of the previous year. Labour underutilization rate The active population, estimated at 5,232.7 thousand people: • Increased by 0.6% (28.7 thousand) compared to the previous quarter; • Decreased by 0.5% (27.3 thousand) in comparison with the same quarter of the previous year. The activity rate of the working population (15 and over) stood at 58.7%, which corresponds to: • +0.3 p.p. than in the previous quarter; • -0.6 p.p. compared to the 4 th quarter of 2019. The activity rate for men was higher than for women: 63.7% and 54.3%, respectively. The inactive population aged 15 and over, estimated at 3,687.3 thousand people: • Decreased by 0.4% (13.6 thousand) concerning the previous quarter; • Increased by 2.2% (78.7 thousand) in comparison with the same quarter of the previous year. In 2020 The employed population (4,814.1 thousand people) decreased by 2.0% (99.0 thousand) compared with the previous year. The unemployed population (350.9 thousand people) increased by 3.4% (11.4 thousand) compared to 2019. The unemployment rate was 6.8% (+0.3 p.p. than in 2019), with the following specifications: • Young people (15 to 24 years): 22.6% (+4.3 p.p. than in 2019); • Long-term unemployed: 39.5% (-10.3 p.p. than in 2019), the highest decrease in the series. The labour underutilization rate was 13.9% (+1.2 p.p. than the previous year). 13.8% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 4Q2011 4Q2012 4Q2013 4Q2014 4Q2015 4Q2016 4Q2017 4Q2018 4Q2019 4Q2020 The labour underutilization rate, estimated at 13.8%: • Decreased by 1.1 p.p. concerning the previous quarter; • Increased by 1.3 p.p. compared to the same quarter of 2019. The year-on-year increase in labour underutilization was mostly explained by an increase in the number of inactive persons available for work but not looking for a job.