SYNTHESIS INE@COVID-19, 18 Jan-2021

January . 18 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 5/13 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt In October, the employed population increased by 0.8%, the unemployment rate decreased by 0.4 percentage points (p.p.) and the labour underutilization decreased by 0.5 p.p. The monthly estimates presented correspond to mobile quarters, the reference month of which is the central month of each of these quarters. Thus, the final estimates for October 2020 comprise the months of September, October, and November, while the provisional estimates for November 2020 include the months of October, November, and December. In November 2020 (provisional estimates): • The employment rate was 61.8% (+0.3 p.p. over the previous month and -0.7 p.p. vis-à-vis the same month in 2019); • The unemployment rate was 7.2% (-0.3 p.p. over the previous month and +0.5 p.p. compared to November 2019); • The labour underutilization rate was 14.0%. In November 2020, compared to the previous month: • The unemployed population decreased by 3.1% (12.0 thousand people); • The employed population increased by 0.6% (27.0 thousand); • The active population decreased by 0.3% (15.0 thousand); • The inactive population decreased by 0.4% (11.2 thousand); • The inactivity rate stood at 33.4% (+0.2 p.p. more than in the previous month and +0.4 p.p. compared to November 2019). In October 2020, the unemployment rate (population aged 15 to 74) stood at 7.5% (-0.4 p.p. compared with the previous month and +1.0 p.p. compared with October 2019); In October 2020, compared to the previous month: • The employed population (4,785.1 thousand people) increased by 0.8% (35.7 thousand); • The unemployed population (387.0 thousand) decreased by 4.9% (20.1 thousand); • The active population (5,172.1 thousand) increased by 0.3% (15.7 thousand); • The inactive population (2,612.3 thousand) decreased by 0.5% (12.9 thousand). The increase in the active population in October compared with September resulted from the fact that the increase in the employed population was more significant than the decrease in the unemployed population. Unemployment Rate Provisional estimates – Nov. 2020 21.8% 5.9% 23.2% 6.1% Youth popula�on Adult popula�on Oct-20 Nov-20 Unemployment Rate (seasonally adjusted data) (p) Provisional estimate (p) 7.2% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% Nov-11 Nov-12 Nov-13 Nov-14 Nov-15 Nov-16 Nov-17 Nov-18 Nov-19 Nov-20 (p) Provisional estimate (p) Employment Rate (seasonally adjusted data) 61.8% 48.0% 50.0% 52.0% 54.0% 56.0% 58.0% 60.0% 62.0% 64.0% Nov-11 Nov-12 Nov-13 Nov-14 Nov-15 Nov-16 Nov-17 Nov-18 Nov-19 Nov-20