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Employment statistics
The unemployment rate estimated at 8.8% - 2nd Quarter 2017
09 August 2017

Summary

The unemployment rate for the 2nd quarter of 2017 was 8.8%. This value is down 1.3 percentage points (p.p.) from the previous quarter and 2.0 p.p. from the same quarter of 2016.
The unemployed population, estimated at 461.4 thousand people, corresponded to a quarterly decrease of 11.9%
(62.5 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 17.5% (97.9 thousand fewer people).
The employed population, estimated at 4,760.4 thousand people, recorded a quarterly increase of 2.2%
(102.3 thousand more people). From the same quarter of 2016, there was an increase of 3.4% (157.9 thousand more people), the largest since the 4th quarter of 2013.
The unemployment rate for young people aged 15 to 24 was 22.7%, down 2.4 p.p. from the previous quarter and
4.2 p.p. from the same quarter of 2016.
Among the young people aged 15 to 34, 10.8% were not in employment, education or training. This rate has decreased by 1.0 p.p. from the previous quarter and by 1.9 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 59.2%, up 0.3 p.p. from the previous quarter and down 4.9 p.p. from the year-on-year value.
The labour underutilisation rate was 16.6%, having decreased by 1.6 p.p. from the previous quarter and by 2.7 p.p. from the 2nd quarter of 2016.
In these estimates, the population aged 15 and over was considered and the values are not seasonally adjusted.


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