SYNTHESIS INE@COVID-19, 8 Oct -2020

October . 08 . 2020 SYNTH SIS IN @ COVID-19 www.ine.pt page 7/14 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt In July, the employed population increased by 0.5%, the unemployment rate increased by 0.6 percentage points (p.p.) and the labour underutilisation rate increased by 0.9 p.p. The unemployment rate (population aged 15 to 74) in July 2020 stood at 7.9% (+0.6 p.p. than in the previous month and +1,4 p.p. compared to July 2019). The employment rate in August 2020 was estimated at 60.6% (+0.3 p.p. than the the previous month and +0.8 p.p. compared to the same month of 2019). The labour underutilization rate in august was 15.3% (-0.3 p.p. than in the previous month; +2.7 p.p. in year-on-year terms). In July 2020, compared to the previous month: • The employed population (4,693.5 mil people) increased by 0.5% (24.9 thousand); • The unemployed population (403.7 thousand) increased by 9.0% (33.4 thousand); • The active population (5,097.3 thousand) increased by 1.2% (58.4 thousand); • The inactive population (2,684,5 thousand) decreased by 2.1% (57.3 thousand). The increase in the active population resulted from the increases in the employed population (24.9 thousand) and in the unemployed population (33.4 thousand). The provisional estimate of the unemployment rate in August 2020 stood at 8.1% (+0.2 p.p. than in the previous month and +1.7 p.p. than in August 2019), being: • 26.3% for the young population (+1.1 p.p. than in the previous month); • 6.9% for the adult population (+0.2 p.p. than in the previous month). 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 July 2020 comprise the months of June, July and August while the provisional estimates for August 2020 include the months of July, August and September. Unemployment Rate (seasonally adjusted data) (p) Provisional estimate (p) 8.1% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% Aug-11 Aug-12 Aug-13 Aug-14 Aug-15 Aug-16 Aug-17 Aug-18 Aug-19 Aug-20