SYNTHESIS INE@COVID-19, 6 Nov-2020

November . 06 . 2020 SYNTH SIS IN @ COVID-19 www.ine.pt page 5/15 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt The monthly estimates presented correspond to mobile quarters, the reference month of which is the central month of each of these quarters, therefore the definitive estimates for August 2020 comprise the months of July, August and September, while the provisional estimates for September 2020 include the months of August, September and October. The unemployment rate (population aged 15 to 74) in August 2020 stood at 8.1% (+0.2 p.p. than in the previous month and +1.7 p.p. compared to August 2019). The employment rate in September 2020 was estimated at 61.1% (+0.5 p.p. than the the previous month and +1.6 p.p. compared to the same month of 2019). The labour underutilization rate in September was 15.2% (-0.3 p.p. than in the previous month; +2.5 p.p. in year-on-year terms). In August, compared to the previous month: • The employed population (4,717.0 thousand people) increased by 0.5% (23.5 thousand); • The unemployed population (414.1 thousand) increased by 2.6% (10.4 thousand); • The active population (5,131.1 thousand) increased by 0.7% (33.8 thousand); • The inactive population (2,649.7 thousand) decreased by 1.3% (34.8 thousand). In August, compared to July, the increase in the active population resulted from the increases in the employed population (23.5 thousand) and the unemployed population (10.4 thousand). The provisional estimate of the unemployment rate in September 2020 was 7.7% (-0.4 p.p. than in the previous month and +1.2 p.p. than in September 2019), being: • 24.0% for the young population (-2.8 p.p. than in the previous month); • 6,6% for the adult population (-0.2 p.p. than in the previous month). Unemployment Rate (seasonally adjusted data) (p) Provisional estimate 7.7% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% Sep-11 Sep-12 Sep-13 Sep-14 Sep-15 Sep-16 Sep-17 Sep-18 Sep-19 Sep-20 (p) In August, the employed population increased by 0.5%, the unemployment rate increased by 0.2 percentage points (p.p.) and the labour underutilisation decreased by 0.1 percentage points