SYNTHESIS INE@COVID-19, 7 Oct-2021

October . 07 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 5/11 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt In August the unemployment rate stood at 6.4 % and the labour underutilization rate was 12.6 %. The monthly estimates presented correspond to moving quarters, where the reference month is the central month of each of these quarters. Thus, the definitive estimates for July include June, July and August, while the provisional estimates for August comprise July, August and September. The estimates are calculated considering the population aged 15 to 74 years and the values are seasonality adjusted. In August 2021 (provisional results): • The employed population decreased by 0.6% compared to the previous month and increased by 3.8% compared to the same month in 2020; • The unemployed population decreased by 4.1% compared to July 2021 and 20.9% compared to August 2020; • The unemployment rate stood at 6.4% (-0.2 percentage points (p.p.) than the previous month and -1.8 p.p. than a year earlier); • The labour underutilization rate stood at 12.6%, the same as in July 2021 and 2.9 p.p. lower than in August 2020. (p) Provisional estimate (p) Unemployment Rate (seasonally adjusted data) (p) (p) Provisional estimate Labour underutilisation rate (seasonally adjusted data) In July 2021: • The employed population increased by 0.5% compared to the previous month and 4.8% compared to July 2020; • The unemployed population decreased by 3.6% compared to the previous month and 16.0% compared to July 2020; • The unemployment rate (International Labour Organisation (ILO) concept) stood at 6.6% (-0.2 p.p. than in June 2021 and -1.5 p.p. vis-à-vis the same month of 2020); • The labour underutilization rate stood at 12.6% (-0.2 p.p. compared to the previous month and -3,1 p.p. compared to July 2020); • Vis-à-vis the previous month, the labour force increased by 0.2% (10.8 thousand) and the inactive population decreased by 0.4% (9.2 thousand); • The increase in the working population resulted from the increase in the employed population (23.5 thousand) being greater than the decrease in the unemployed population (12.8 thousand); • The decrease in the inactive population was mainly explained by the decrease in the number of inactive people available to work, but not seeking for a job (7.9 thousand). 6.4% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% Aug-12 Aug-13 Aug-14 Aug-15 Aug-16 Aug-17 Aug-18 Aug-19 Aug-20 Aug-21 12.6% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Aug-12 Aug-13 Aug-14 Aug-15 Aug-16 Aug-17 Aug-18 Aug-19 Aug-20 Aug-21