Portugal Unemployment Rate Up to 16.9 Percent in Q4


The unemployment rate estimated for the 4th quarter of 2012 was 16.9 percent. This value is up 2.9 percentage points from the same quarter of 2011 and 1.1 percentage points from the previous quarter, according to a release from the National Statistics Institute.

There were 923.2 thousand unemployed people, which corresponds to a year-on-year increase of 19.7 percent and to a quarterly increase of 6.0 percent (more 152.2 thousand and 52.3 thousand people, respectively).

There were 4.5 million employed people, which corresponds to a year-on-year decrease of 4.3 percent and to a quarterly decrease of 2.7 percent (less 203.6 thousand and 124.5 thousand people, respectively).
 
The average unemployment rate for 2012 was 15.7 percent, recording an increase of 2.9 percentage points from the previous year. There were 860.1 thousand unemployed people, up 21.8 percent from the previous year (more 154.0 thousand people). The employed population recorded an annual decrease of 4.2 percent (less 202.3 thousand people).
 

 


INE | Nuno Fontes | nuno@tradingeconomics.com
2/13/2013 11:07:44 AM