Unemployment rose to 6.7% in December 2022, the highest since June 2021 and compared to November’s 6.5% and 5.9%, according to preliminary data released on Tuesday by the National Institute of Statistics (INE). in December 2021.
According to INE’s Monthly Employment and Unemployment Estimates, “In December 2022, the unemployment rate increased to 6.7%, the highest reading since June 2021, when it stood at 6.8%.”
This survey from INE raised the unemployment rate for last November from an initially estimated 6.4% to 6.5%, up 0.4 percentage points from the previous month and 0.3 percentage points higher than a year earlier .
According to INE estimates, in December 2022, the active population (5,213.5 thousand) increased by 8.1 thousand people (0.2%) compared to the previous month and increased by 0.4% compared to December 2021.
According to INE, the chain increase in the active population “is due to the increase in the unemployed population (10.7 thousand; 3.2%), which exceeded the decline in the employed population (2.6 thousand; 0.1%)”.
On the other hand, the chain decrease of 0.4% in the inactive population to 2,445,400, “the lowest value since February 1998”, was due, in essence, to a decrease in the number of other inactive people who are neither free nor seeking work (10.2 thousand; 0.4%)”.
The estimated employment rate in December was 63.5%, slightly down from 63.6% in November, and the labor underutilization rate was 12.1%, higher than the previous month (0.2 percentage points) and 0.7 percentage points from the previous month. the same month of the previous year.
“Labor underutilization reached in December 2022 the highest value (650.5 thousand) since July 2021 (660.4 miles), which was reflected in the labor underutilization rate equal to the value recorded in August 2021 (12.1%) “. , INE details.
In December last year, the employed population (4,865.9 thousand people) decreased by 0.1% compared to the previous month and by 0.5% compared to the same month in 2021, while the unemployed population (347.6 thousand people) decreased. ) increased compared to the previous year. (3.2%) and compared to December 2021 (14.0%).
According to INE, in December 2022, the activity rate “remained at its highest level since February 1998 (68.1%)”, while the employment rate “deviated from the maximum observed in February and March 2022 (63.9 % in both cases)”.
Author: Portuguese
Source: CM Jornal
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