SYNTHESIS INE@COVID-19, 28 apr-2021

April . 28 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 2/12 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt More information available at: Monthly employment and unemployment estimates – February 2021 (5 April 2021) In February 2021 (provisional data): • The employed population increased by 0.2% compared to the previous month and decreased by 1.7% compared to the same month in 2020; • The unemployed population decreased by 0.3% compared to January 2021 and increased by 3.8% compared to February 2020; • The unemployment rate stood at 6.9%, the same as in the previous month and 0.4 percentage points (p.p.) higher than in the same month of 2020; • The labour underutilisation rate stood at 13.9%, 0.1 p.p. higher than in the previous month and 1.2 p.p. higher than in February 2020. (p) Provisional estimate 6.9% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% Feb-12 Feb-13 Feb-14 Feb-15 Feb-16 Feb-17 Feb-18 Feb-19 Feb-20 Feb-21 (p) Unemployment Rate (seasonally adjusted data) Unemployment* rate in the youth and adult population Jan. 2021 and Feb. 2021 * All data series estimates are provisional. 23.5% 5.8% 23.0% 5.8% Youth popula ti on Adult popula�on Jan-21 Feb-21 (p) (p) Provisional estimate Labour underutilisation rate (seasonally adjusted data) 13.9% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Feb-12 Feb-13 Feb-14 Feb-15 Feb-16 Feb-17 Feb-18 Feb-19 Feb-20 Feb-21 In January 2021: • The employed population decreased by 0.6% compared to the previous month and 2.2% when compared to the same month in 2020; • The unemployed population decreased by 0.4% compared to December 2020 and 0.7% compared to January 2020; • The unemployment rate stood at 6.9%, the same as the previous month, up 0.1 p.p. on the previous year; • The labour underutilisation rate stood at 13.8%, up 0.1 p.p. on the previous month, and 1.2 p.p. more than a year earlier. The decrease in the active population resulted from the decrease in the employed population (-27.0 thousand) and the unemployed population (-1.4 thousand). The increase in the inactive population was mainly due to the increase in the number of inactive people who were not part of the labour underutilisation, i.e. those who were neither available for work nor looking for a job (14.0 thousand) and the increase in the number of inactive people available for work but who did not look for a job (11.5 thousand).

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