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.