2022 Edition 8 MONTHLY STATISTICAL BULLETIN The unemployment rate decreased to 5.7% in the 2nd quarter of 2022 Unemployment rate Unemployment rate by NUTS II region, 2nd quarter of 2022 In the 2nd quarter of 2022: • The unemployed population, estimated at 298,800 people: » It decreased by 3.1% (9.6 thousand) compared to the previous quarter; » It decreased by 13.6% (46.9 thousand) compared to the 2nd quarter of 2021; • The following population groups contributed to the year-on-year rate of change concerning the unemployed population: » People aged 16 to 24: -25.9 thousand (-32.8%); » Unemployed for less than 12 months: -44.5 thousand (-23.3%); » People who have completed secondary or post-secondary non-tertiary education: -28.7 thousand (-21.9%); » Persons seeking a new job: -49.3 thousand (-16.1%); » Women: -24.0 thousand (-13.4%); • The unemployment rate was estimated at 5.7%1, which represents: » -0.2 percentage points (p.p.) compared to the previous quarter; » -1.0 p.p. vis-à-vis the same period of 2021; • The unemployment rate was higher than the national average in three of the NUTS II regions: Região Autónoma da Madeira, Área Metropolitana de Lisboa, and Região Autónoma dos Açores; 1 This unemployment rate refers to the age group 16 to 89 years (according to current International Labour Organization concepts). The unemployment rate for the quarter centred on May 2022 (corresponding to the 2nd quarter of 2022), published in the June 2022 Monthly Employment and Unemployment Estimates release (released on 29-7-2022), was calculated for the age sub-group 16-74 years (according to the Eurostat release). This rate (not seasonally adjusted) stood at 5.8%. 5.7% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 2Q2013 2Q2014 2Q2015 2Q2016 2Q2017 2Q2018 2Q2019 2Q2020 2Q2021 2Q2022 7.3% 6.8% 5.9% 5.7% 5.5% 5.3% 5.2% 4.4% RA Madeira AM Lisboa RA Açores Portugal Norte Algarve Centro Alentejo
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