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Unemployment rate estimated at 12.4%
Employment statistics
Unemployment rate estimated at 12.4% - 1st Quarter 2016
11 May 2016

Summary

The unemployment rate for the 1st quarter of 2016 was 12.4%. This value is up 0.2 percentage points (p.p.) from the previous quarter and down 1.3 p.p. from the same quarter of 2015.
The unemployed population was estimated at 640.2 thousand people, corresponding to a quarterly increase of 1.0% (more 6.3 thousand people) and to a year-on-year decrease of 10.2% (less 72.7 thousand people).
The employed population was estimated at 4,513.3 thousand people, having recorded a quarterly decrease of 1.1% (less 48.2 thousand people) and a year-on-year increase of 0.8% (more 36.2 thousand people).
The participation rate of the working age population stood at 58.1%, down 0.5 p.p. from the previous quarter and 0.4 p.p. from the same quarter of 2015.
In these estimates, the population aged 15 and over was considered and the values are not seasonally adjusted.


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