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Employment statistics
The unemployment rate was 6.7% - 2nd Quarter 2018
08 August 2018

Summary

The unemployment rate for the 2nd quarter of 2018 was 6.7%, corresponding to the lowest value of the data series started in the 1st quarter of 2011. This value is down 1.2 percentage points (p.p.) from the previous quarter and 2.1 p.p. from the same quarter of 2017.
The unemployed population, estimated at 351.8 thousand people, decreased by 14.2% (58.3 thousand fewer people) from the previous quarter, extending the quarterly decreases observed since the 2nd quarter of 2016. Comparing to the year-on-year value, there was a decrease of 23.7% (109.6 thousand fewer people), slightly smaller than the one observed in the previous quarter.
The employed population, estimated at 4,874.1 thousand people, recorded a quarterly increase of 1.4% (67.4 thousand more people) and a year-on-year growth of 2.4% (113.7 thousand more people).
The youth (15 to 24 years old) unemployment rate was 19.4%, the lowest value of the data series started in the 1st quarter of 2011.
The labour underutilisation rate was 13.3%. This figure is 1.9 p.p. lower than in the previous quarter and 3.3 p.p. lower than in the same quarter of 2017.
In these estimates, the population aged 15 and over was considered and the values are not seasonally adjusted.


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