SYNTHESIS INE@COVID-19, 07 may-2021

May . 07 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 7/15 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Unemployment rate: 6.8% in February and 6.5% in March Work underutilisation rate: 13.8% in February and 13.3% in March Themonthly estimates presented correspond tomoving quarters, whose referencemonth is the central month of each of these quarters. Therefore, the definitive estimates for February include the months of January, February and March, while the provisional estimates for March comprise the months of February, March and April. The estimates are calculated considering the population aged 15 to 74 years and the values are seasonally adjusted. In March 2021 (provisional results): • The employed population increased by 0.3% compared to the previous month and 0.6% compared to the same month in 2020; • The unemployed population decreased by 4.2% compared to February 2021 and increased by 3.7% compared to March 2020; • The unemployment rate stood at 6.5%, down by 0.3 percentage points (p.p.) on the previous month and 0.2 p.p. more than in the same month of 2020; • The labour underutilisation rate stood at 13.3%, 0.5 p.p. lower than in the previous month and 0.6 p.p. higher than in March 2020. (p) Provisional estimate (p) Unemployment Rate (seasonally adjusted data) (p) (p) Provisional estimate Labour underutilisation rate (seasonally adjusted data) In February 2021: • The employed population decreased by 0.4% compared to the previous month and decreased by 1.4% when compared to the same month of 2020; • The unemployed population decreased by 0.7% compared to January 2021 and increased by 3.5% compared to February 2020; • The unemployment rate (International Labour Organisation (ILO) concept) stood at 6.8%, 0.1 p.p. less than the previous month and 0.3 p.p. more than a year earlier; • The labour underutilisation rate stood at 13.8%, the same value as the previous month, which represents 1.1 p.p. more than a year before. The decrease in the active population (57.2 thousand) compared with the previous month was due to the decrease in the employed population (68.8 thousand) having exceeded the increase in the unemployed population (11.4 thousand). The inactive population increased by 53.3 thousand people, due to an increase in the number of inactive people who were available for work but did not looking for a job (47.6 thousand). 6.5% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 13.3% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21