SYNTHESIS INE@COVID-19, 5 Feb-2021

February . 05 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 10/20 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt In November, the employed population increased by 0.4%, the unemployment rate decreased by 0.4 percentage points (p.p.) and the labour underutilization decreased by 0.9 p.p. The monthly estimates presented correspond to mobile quarters, the reference month of which is the central month of each of these quarters. Thus, the final estimates for November 2020 comprise the months of October, November, and December, while the provisional estimates for December 2020 include the months of November, December, and January. The estimates are calculated taking into account the population aged 15 to 74 years and the figures are adjusted for the seasonal effect. In December 2020 (provisional estimates): • The employment rate was 61.5% (-0.2 p.p. compared with the previous month and +0.5 p.p. compared with the same month in 2019); • The unemployment rate stood at 6.5% (-0.6 p.p. than in the previous month and -0.2 p.p. than in December 2019), with the following records in the youth population and the adult population: Unemployment Rate Provisional estimates – Dec. 2020 Unemployment Rate (seasonally adjusted data) (p) Provisional estimate (p) Provisional estimate (p) (p) Employment Rate (seasonally adjusted data) • The labour underutilization rate was 13.4%; • The inactivity rate stood at 34.2% (+0.6 p.p. than in the previous month and +1.1 p.p. than in December 2019). 23.4% 6.0% 22.5% 5.4% Youth popula ti on Adult popula ti on Nov-20 Dec-20 6.5% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 61.5% 48.0% 50.0% 52.0% 54.0% 56.0% 58.0% 60.0% 62.0% 64.0% Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20