SYNTHESIS INE@COVID-19, 6 Nov-2020

November . 06 . 2020 SYNTH SIS IN @ COVID-19 www.ine.pt page 6/15 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt In September 2020, compared to the previous month: • The unemployed population decreased by 3.7% (15.4 thousand people); • The employed population increased by 0.8% (38.3 thousand); • The active population increased by 0.4% (22.9 thousand); • The inactive population decreased by 0.8% (22.1 thousand); • The inactivity rate was 33.8% (-0.3 p.p than in the previous month and +0.9 p.p. compared to September 2019). The estimated employment rate in September 2020 was 61.1% (+0.5 p.p. than the previous month and -1.6 p.p. in year-on-year terms). Labour underutilization The labour underutilization is an indicator that aggregates: • The unemployed population; • The underemployment of part-time workers; • The inactive looking for employment but not available for work; • The inactive available, but not seeking employment. Labour underutilisation rate (seasonally adjusted data) Employment Rate (seasonally adjusted data) More information available at: Monthly employment and unemployment estimates – September 2020 (29 October 2020) This indicator allow its data users a broader measure of the labour underutilisation than the more restrictive measure given by the official unemployment rate (ILO concept). In September 2020 (provisional estimate): • The underutilization of labour covered 821.2 thousand people (-1.3% (11.2 thousand) compared to the previous month and +20.1% (137.5 thousand) in year-on-year terms); • The labour underutilization rate was 15.2% (-0.3 p.p. than in the previous month; +2.5 p.p. in year-on-year terms). 61.1% 48.0% 50.0% 52.0% 54.0% 56.0% 58.0% 60.0% 62.0% 64.0% Sep-11 Sep-12 Sep-13 Sep-14 Sep-15 Sep-16 Sep-17 Sep-18 Sep-19 Sep-20 15.2% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Sep-11 Mar-12 Sep-12 Mar-13 Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16 Sep-16 Mar-17 Sep-17 Mar-18 Sep-18 Mar-19 Sep-19 Mar-20 Sep-20 (p) Provisional estimate (p) Provisional estimate (p) (p)