SYNTHESIS INE@COVID-19, 7-jul-2020

July . 07 . 2020 page 13/21 Communication Unit | tel: +351 21 842 61 00 | sci@ine.pt www.ine.pt SYNTH SIS IN @ COVID-19 The decrease in the active population resulted from the decrease in the employed population (60.9 thousand) being greater than the slight increase in the unemployed population (1.6 thousand). Unemployment Rate (seasonally adjusted data) 5.5% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% May-11 May-12 May-13 May-14 May-15 May-16 May-17 May-18 May-19 May-20 (p) The provisional estimate of the unemployment rate in May 2020 stood at 5.5% (-0.8 p.p. than in the previous month and -1.1 p.p. than in May 2019), being: • 19.5% for the young population (-1.1 p.p. than in the previous month); • 4.5% for the adult population (-0.8 p.p. than in the previous month). In May 2020, compared to the previous month: • The unemployed population decreased by 16.0% and the employed population by 2.2%; • The active population decreased by 155.8 thousand people (-3.1%) and the inactive population increased by 156.2 thousand people (+5.8%), mainly due to the increase (97.5 thousand) in the number of inactive people available but not looking for a job; • The inactivity rate was 36.8% (+0.2 p.p.). (p): Provisional estimate (p): Provisional estimate Employment rate (seasonally adjusted data) 59.7% 48.0% 50.0% 52.0% 54.0% 56.0% 58.0% 60.0% 62.0% 64.0% May-11 May-12 May-13 May-14 May-15 May-16 May-17 May-18 May-19 May-20 (p) The estimated employment rate in May 2020 stood at 59.7% (-1.4 p.p. as in the previous month and -2.6 p.p. in year-on-year terms). Labour underutilization The labour underutilization is an indicator that aggregates: • The unemployed population; • The underemployment of part-time workers; • The inactive looking for employment but not available for work; • The inactive available, but not seeking employment.