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Unemployment rate estimated at 10.5%
Employment statistics
Unemployment rate estimated at 10.5% - 3rd Quarter 2016
09 November 2016

Summary

The unemployment rate for the 3rd quarter of 2016 was 10.5%. This value is down 0.3 percentage points (p.p.) from the previous quarter and 1.4 p.p. from the same quarter of 2015.
The unemployed population was estimated at 549.5 thousand people, corresponding to a quarterly decrease of 1.8% (9.8 thousand fewer people) and to a year-on-year decrease of 11.2% (69.3 thousand fewer people).
The employed population was estimated at 4,661.5 thousand people, having recorded a quarterly increase of 1.3% (59.0 thousand more people) and a year-on-year increase of 1.9% (86.2 thousand more people).
The unemployment rate of men (10.3%) was lower than that of women (10.8%) by 0.5 p.p.. The unemployment rate of young people (aged 15 to 24) was estimated at 26.1% and that of young adults (aged 25 to 34) at 11.5%.
From the total of 2,273.7 thousand young people aged 15 to 34, 13.3% (301.7 thousand) were not in employment, education or training (i.e., they were unemployed or inactive).
In these estimates, the population aged 15 and over was considered and the values are not seasonally adjusted.


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