[ad_1]
The figures for August, according to the concept of the World Labor Organization, point to an unemployment rate of 8.1 percent, just 417 thousand unemployed. The labor underutilization rate stood at 15.3 percent, 0.3 percentage points less than in the previous month and 0.7 more than three months ago and 2.7 points than a year ago .
The underutilization of work is an indicator that includes the unemployed population, underemployment of part-time workers, inactive people looking for work but not available for work and inactive people available but not looking for work.
The National Institute of Statistics reveals that This monthly decrease in the rate of underutilization of work is due to “the decrease in the number of inactive persons available, but not looking for work, which more than compensates for the increase in the unemployed population.”.
The employed population had an increase of 0.5 percent compared to the previous month and 1.3 compared to three months before, and a decrease of three percent compared to the same month in 2019.
The unemployed population increased by 3.3 percent compared to July 2020, 44 percent compared to May of the same year and 25.7 percent compared to August 2019.
The youth unemployment rate was estimated at 26.3%, which corresponds to an increase of 0.1 pp compared to the July 2020 rate. The adult unemployment rate was estimated at 6.9% and increased by 0.2 pp compared to the previous month.
Marina Conceição – RTP
The INE warns, once again, that the context of a pandemic may be disturbing the obtaining of primary information, either due to changes in behavior derived from the public health safeguard measures adopted. “For this reason, The INE warns of the special care that must be taken when analyzing the provisional estimates presented “, He warns.
July downward revision
The INE revised the unemployment rate for July to 7.9 percent. These final results point to 0.6 percentage points (pp) more than in the previous month, 1.6 pp than three months ago and 1.4 pp than a year earlier.
The underutilized work rate stood at 15.6 percent, 0.1 pp more than the previous month, 2.2 pp than three months ago and 2.7 pp than a year ago.
This month, the employed population increased 0.5 percent over the previous month, but decreased 1.2 compared to three months earlier and 3.1 compared to the same month in 2019.
The unemployed population increased by nine percent since June 2020, 26.6 percent since April of the same year, and 20.2 percent since July 2019.
