The unemployment rate for the 1st quarter of 2017 was 10.1%. This value is down 0.4 percentage points (p.p.) from the previous quarter and 2.3 p.p. from the same quarter of 2016.
The unemployed population, estimated at 523.9 thousand people, corresponded to a quarterly decrease of 3.5%
(19.3 thousand fewer people), extending the quarterly decreases observed since the 2nd quarter of 2016. Comparing to the year-on-year value, there was a decrease of 18.2% (116.3 thousand fewer people), the largest since the 3rd quarter of 2013.
The employed population, estimated at 4,658.1 thousand people, recorded a quarterly increase of 0.3% (14.5 thousand more people) unlike what has occurred in all 1st quarters of the data series started in 2011. From the same quarter of 2016, there was an increase of 3.2% (144.8 thousand more people), the largest since the 4th quarter of 2013.
The unemployment rate for young people aged 15 to 24 was 25.1%, down 2.6 p.p. from the previous quarter and 5.9 p.p. from the same quarter of 2016.
The share of unemployed people looking for a job for 12 months or longer (long-term unemployment) was 58.9%, down 3.2 p.p. from the previous quarter and down 0.3 p.p. from the year-on-year value.
In these estimates, the population aged 15 and over was considered and the values are not seasonally adjusted.