Unemployment rate stood at 7,7% in September, estimates INE

Year-on-year the unemployment rate increased by 1,2 percentage points. However, in comparison with the month of August and the whole of the three months prior to September, INE registered a decrease in unemployment. The data is still provisional.

Hugo Correia / Reuters

The unemployment rate stood at 7,7% in September, 1,2 percentage points more than in September 2019, according to the monthly estimate on employment and unemployment, released by the National Statistics Institute (INE), this Thursday, October 29th.

Although in year-on-year terms the unemployment rate has increased, in comparison with the month of August there has been a slowdown in unemployment. Compared to August, the unemployment rate dropped 0,4 percentage points, after three months of rising. In August, the unemployment rate stood at 8,1%.

Thus, compared to the month of August, the employed population in September increased by 0,8% and, in relation to the previous three months, it increased by 1,9%. However, compared to September 2019, the unemployed population fell 2,3%.

As a result, the unemployed population decreased 3,7% in relation to August. But it increased 17,1% compared to September 2019.

Regarding the rate of underutilization of work, INE registered a decrease of 0,3 percentage points, to 15,2%, in September compared to August and the previous three months. In year-on-year terms, this rate increased by 2,5 percentage points.

“The monthly decrease in the rate of underutilization of work this month [September] resulted from the decrease in the unemployed population and the number of inactive people available but who are not looking for a job”, explains INE.

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