Statistics Portugal

02/29/2024 | Press release | Distributed by Public on 02/29/2024 05:02

Taxa de desemprego em 6,5% e taxa de subutilização do trabalho em 11,6% pelo segundo mês consecutivo

Summary

December 2023 (definitive estimates):

• The active population (5,298.1 thousand people) decreased from November (1.0 thousand people, which corresponded to a nearly null relative change) and increased from September 2023 (1.6 thousand people, nearly null relative change) and from December 2022 (1.6%).

• The employed population (4,952.3 thousand) remained practically unchanged from the previous month, having increased from three months before (0.1%) and from the same month of 2022 (1.8%).

• The unemployed population (345.8 thousand) decreased from the three periods under comparison: 0.5%, 0.7% and 1.7%, respectively.

• The unemployment rate, which stood at 6.5%, decreased by 0.1 percentage points (pp) from the previous month and from three months before and by 0.2 pp from a year earlier.

• The inactive population (2,396.4 thousand) increased by 0.1% both from November and from September 2023, having decreased by 1.9% from December 2022.

• The labour underutilisation rate was estimated at 11.6%, down 0.1 pp from both the previous month and three months before and down 0.7 pp from a year earlier.

January 2024 (provisional estimates):

• The active population (5,335.6 thousand) increased from the three periods under comparison: 0.7%, 0.6% and 1.4%, respectively.

• The employed population (4,988.6 thousand) increased from the previous month (0.7%), from three months before (0.8%) and from the same month of 2023 (2.0%).

• The unemployed population (347.0 thousand) increased by 0.4% from December 2023, having decreased from the other two comparing periods: 1.5% and 5.9%, respectively.

• The unemployment rate remained at 6.5%, unchanged from the previous month, down 0.1 pp from three months before and down 0.5 pp from a year earlier.

• The inactive population (2,452.8 thousand) increased from the month before (2.4%), from three months before (2.7%) and from a year earlier (1.0%).

• The labour underutilisation rate stood at 11.6%, the same value as in December but down from October 2023 (0.2 pp) and from January 2023 (0.5 pp).