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Employment statistics
The unemployment rate estimated at 8.5% - 3rd Quarter 2017
08 November 2017

Summary

The unemployment rate for the 3rd quarter of 2017 was 8.5%. This value is down 0.3 percentage points (p.p.) from the previous quarter and 2.0 p.p. from the same quarter of 2016.
The unemployed population, estimated at 444.0 thousand people, corresponded to a quarterly decrease of 3.8% (17.4 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 19.2% (105.5 thousand fewer people).
The employed population, estimated at 4,803.0 thousand people, recorded a quarterly increase of 0.9% (42.6 thousand more people) and a year-on-year growth of 3.0% (141.5 thousand more people), continuing the positive year-on-year changes observed since in the 4th quarter of 2013.
The unemployment rate for young people aged 15 to 24 was 24.2%, up 1.5 p.p. from the previous quarter and down 1.9 p.p. from the same quarter of 2016.
Among the young people aged 15 to 34, 11.8% were not in employment, education or training. This rate has increased by 1.0 p.p. from the previous quarter and decreased by 1.5 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 57.3%, down 1.9 p.p. from the previous quarter and down 5.8 p.p. from the year-on-year value.
The labour underutilisation rate was 15.8%, having decreased by 0.8 p.p. from the previous quarter and by 3.0 p.p. from the 3rd 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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