SYNTHESIS INE@COVID-19, 18 Jan-2021

January . 18 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 6/13 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt More information available at: Monthly employment and unemployment estimates – November 2020 (7 January 2021) Labour underutilization rate (seasonally adjusted data) (p) Provisional estimate Labour underutilization The labour underutilization indicator aggregates: • The unemployed population; • The underemployment of part-time workers; • The inactive seeking work but not immediately available; • The inactive available but not seeking work. This indicator provides a more comprehensive measure of labour underutilization than the narrowest measure corresponding to the official unemployment rate, which follows the ILO definition. (p) In November 2020 (provisional estimate): • The labour underutilization comprised 759.3 thousand people (-5.5% (44.5 thousand) over the previous month and +12.9% (86.6 thousand) compared to November 2019); • The labour underutilization rate was 14.0% (-0.9 p.p. over the previous month and +1.5 p.p. in year-on-year terms). 14.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Nov-11 May-12 Nov-12 May-13 Nov-13 May-14 Nov-14 May-15 Nov-15 May-16 Nov-16 May-17 Nov-17 May-18 Nov-18 May-19 Nov-19 May-20 Nov-20 Industry turnover decreased by 4,2% In November 2020, the industry turnover index (ITI)registered a year-on-year rate of change of -4.2% (-8.0% in the previous month). Excluding Energy , sales went up by 0.9% (-6.4% in October). Industry Turnover Index (year-on-year rate of change) Total -4.2% -40.0% -35.0% -30.0% -25.0% -20.0% -15.0% -10.0% -5.0% 0.0% 5.0% Dec-19 Nov-19 Jan-20 Mar-20 Apr-20 Feb-20 May-20 Aug-20 Jul-20 Jun-20 Sep-20 Nov-20 Oct-20