SYNTHESIS INE@COVID-19, 3 set-2021

September . 03 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 5/12 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt 6.6% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18 Jul-19 Jul-20 Jul-21 In July, the unemployment rate stood at 6.6% and the labour underutilisation rate at 12.5% The monthly estimates presented correspond to moving quarters, with the reference month being the central month of each of these quarters. Thus, the definitive estimates for June include May, June and July, while the provisional estimates for July comprise June, July and August. The estimates are calculated considering the population aged 15 to 74 years and the values are seasonally adjusted. In July 2021 (provisional results): • The employed population increased by 0.8% compared to the previous month and 5.2% when compared to the same month in 2020; • The unemployed population decreased by 3.3% compared to June 2021 and declined by 15.7% compared to July 2020; • The unemployment rate stood at 6.6%, down 0.2 p.p. on the previous month and 1.5 p.p. less than a year earlier; • The labour underutilisation rate stood at 12.5%, down 0.3 p.p. from the previous month and 3.2 p.p. from July 2020. (p) Provisional estimate (p) Unemployment Rate (seasonally adjusted data) (p) (p) Provisional estimate Labour underutilisation rate (seasonally adjusted data) In June 2021: • The employed population increased by 0.5% compared to the previous month and by 4.7% compared to the same month in 2020; • The unemployed population decreased by 2.5% compared to the previous month and by 5.3% compared to June 2020; • The unemployment rate stood at 6.8% (-0.2 percentage points (p.p.) than in the previous month and -0.7 p.p. than in the same month of 2020); • The labour underutilisation rate stood at 12.8% (the same value as the previous month and 2.9 p.p. less than in June 2020); • Compared to the previous month, the active population increased by 0.3% (17.2 thousand) and the inactive population decreased by 0.7% (17.1 thousand); • The increase in the active population resulted from the fact that the increase in the employed population (26.2 thousand) more than compensated for the decrease in the unemployed population (9.0 thousand); • The decrease in the inactive population was mainly explained by the decrease in the number of other inactive people who are neither available nor looking for a job (18.2 thousand). 12.8% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18 Jul-19 Jul-20 Jul-21