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Employment statistics
The unemployment rate remained unchanged at 6.7% - 3rd Quarter 2018
07 November 2018

Summary

The unemployment rate for the 3rd quarter of 2018 stood at 6.7%, corresponding to the lowest value of the data series started in the 1st quarter of 2011. This value is equal to the one from the previous quarter and lower in 1.8 percentage points (p.p.) from the same quarter of 2017.
The unemployed population, estimated at 352.7 thousand people, remained practically unchanged from the previous quarter, interrupting the quarterly decreases observed since the 2nd quarter of 2016. Comparing to the year-on-year value, there was a decrease of 20.6% (91.3 thousand people).
The employed population, estimated at 4,902.8 thousand people, recorded a quarterly increase of 0.6% (28.7 thousand more people) and a year-on-year growth of 2.1% (99.8 thousand people).
The youth (15 to 24 years old) unemployment rate increased to 20.0%, the second lowest value of the data series started in the 1st quarter of 2011.
The labour underutilisation rate was 13.1%. This figure is 0.2 p.p. lower than in the previous quarter and 2.7 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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