Low unemployment rate to 6% in June

by Andrea
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Low unemployment rate to 6% in June

The value is below the level of unemployment recorded in the same period last year. Now, the Unemployed population decreased to 335.5 thousand. Already andNTRE young people, the level of unemployment was 18.5%, equivalent to 70.3 thousand people.

The unemployment rate decreased to 6% in June, the first estimate released this Wednesday, by . Second The statistics was the third consecutive month at which the unemployment rate retreated.

After two months in 6.4%, in February and March, the unemployment level dropped to 6.3% in April, to 6.1% in May and now to 6% in June. THE Rate is found Below the unemployment level registered a year earlier, in June 2024month in which it corresponded to 6,3% of the active population in Portugal.

Aunemployed population, in June, decreased to 335.5 thousanddescending “compared to the three comparison periods: previous month (5.3 thousand; 1.6%), three months before (18.0 thousand; 5.1%) and same month of 2024 (4.9 thousand; 1.4%)”, indicates the INE. With this retreat, the rate equaled the amounts recorded in June and July 2022.

By publicizing the statistics of June, still provisional, the INE set definitive values for the month of May, having reviewed the rate of this month compared to the previously disclosed, from 6.3% to 6.1%.

Unemployment is much higher among young people

A facingXa de unemployment remains greater among women than among men. Among the female population, there was 6.5% unemployment (178.6 thousand people) in June, while among the male population the rate was 5.6% (156.9 thousand).

Among young people, the level of unemployment was 18.5%, the equivalent of 70.3 thousand people. Like the general unemployment rate, among the population from 16 to 24 years, unemployment also retreatedconsidering adjusted seasonality effects. The previous month, May, the young unemployment rate was 19.4% and, in the same period of the data released today, June 2024, was also at a higher level of 21.5%.

A active population has increased in June regarding May and the same period, moving to 5.56 million people. According to INE, in April this year, this indicator “reached the highest value since February 1998”, with the active population to total 5,569.8 thousand people.

Inactive population also increases

Also the inactive population increased by 3.3 thousand em relation to May, to 2.47 million (2,468.1 thousand). Regarding June last year, there was a decrease of 58,300.

A employed population increased in June to 5.2 million (5,227.8 thousand), growing “compared to the previous month (8.3 thousand; 0.2%), three months before (44.7 thousand; 0.9%) and the same month (176.8 thousand; 3.5%)” “.

In addition to data on the unemployment rate, INE discloses a second indicator that reflects the levels of work underutilization, accounting for, in addition to the unemployed population, the situations of undertaking partial workers, inactive workers who sought jobs in the four weeks prior to the inquiry of INE but were not available to start working in the next two weeks, and still inactive workers to work in the next two weeks four weeks.

In all, INE accounts for 579.5 thousand people as being underused at work em June.To the 335.5 thousand in unemployment situations, there were 129.1 thousand part -time workers (more 4,000 than in May), as well as 23.1 thousand inactive in search of job but unavailable, and 91.8 thousand available but they had not sought job. No 1st quarter, the unemployment rate was 6.6%, according to the most recent INE data, of May 7.

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