The unemployment rate for the 2nd quarter of 2016 was 10.8%. This value is down 1.6 percentage points (p.p.) from the previous quarter and 1.1 p.p. from the same quarter of 2015; this is the lowest value since the 1st quarter of 2011.
The unemployed population was estimated at 559.3 thousand people, corresponding to a quarterly decrease of 12.6% (80.9 thousand fewer people) and to a year-on-year decrease of 9.8% (61.1 thousand fewer people).
The employed population was estimated at 4,602.5 thousand people, having recorded a quarterly increase of 2.0% (89.2 thousand more people) and a year-on-year increase of 0.5% (21.7 thousand more people).
The participation rate of the working age population stood at 58.3%, up 0.2 p.p. from the previous quarter and down 0.3 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.