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Unemployment rate drops to 13% in April

The estimated unemployment rate for last April is 13%, a figure that continues the downward trend of this indicator, which has attained new records without interruption since the beginning of the year.

Tuesday, 23 June 2015 - Financing

The estimated unemployment rate for last April is 13%, a figure that continues the downward trend of this indicator, which has attained new records without interruption since the beginning of the year.

The provisional value now published for April is 0.2% below the last figure recorded in March, when the unemployment rate was 13.2%. This figure was also revised downwards, since a month ago in its draft version it was 13.5%.

These values ​​of the monthly unemployment rate published by the INE are seasonally adjusted, that is, discounting effects such as the increase in the creation of temporary work in the summer, for example.

The unadjusted rate for seasonal shows a more significant reduction, from 13.4% in March to 13% in April.

After a rise at the end of 2014, monthly data published by the INE points to a return of the downward trend in the unemployment rate in Portugal, which was 13.7% in January and attained 13% in April (adjusted data seasonally).

Yet when you look at the data published by the INE on a quarterly basis, which are not seasonally adjusted, in the first quarter of the year a rise was recorded in the unemployment rate to 13.7%, against 13.5% in the three previous months.

The provisional estimate for the unemployed in April is of 667,800 people, which represents a decrease of 1.6% on the final value of March (less 10,700 people). And the estimate for the employed population is 4,486,300 people, 0.5% or 22.1 thousand people more than in the previous month.

The number of unemployed decreased in all groups: adults (7,300) women (7,200) men (3,500) and young adults (3,400).

On the other hand, the employment rate for men (61.1%) exceeded that of women (53.7%) by 7.4 percentage points and both increased from the previous month, by 0.4 percentage points and 0.2 percentage points, respectively.

The adult employment rate was 62.8% and that of the young adults was 23.4%, with the first increasing 0.2% and the second 0.6%.

Source: Público