Statistics Portugal

10/01/2024 | Press release | Distributed by Public on 10/01/2024 04:04

The unemployment rate stood at 6.4% and the labour underutilisation rate at 10.9%

Summary

July 2024 (definitive estimates):

• The active population (5,405.9 thousand people) increased from the previous month (0.1%) and from a year earlier (0.9%), having decreased from three months before (0.1%).

• The employed population (5,056.6 thousand) increased from June 2024 (0.1%) and from July 2023 (0.8%), having decreased from April 2024 (0.2%).

• The unemployed population (349.3 thousand) increased from three months before (1.8%) and from the same month of 2023 (2.7%), remaining almost unchanged from a month before.

• The unemployment rate stood at 6.5%, the same value as in June, up 0.2 percentage points (pp) from April 2024 and 0.1 pp from July 2023.

• The inactive population (2,520.0 thousand) remained almost unchanged from the previous month, having increased by 1.0% from three months before and by 0.6% from a year earlier.

• The labour underutilisation rate was estimated at 11.0%, the same value as in April and June of the same year, but down by 0.5 pp from July 2023.

August 2024 (provisional estimates):

• The active population (5,415.6 thousand) increased from July of the same year (0.2%) and from August 2023 (1.0%), having decreased from May 2024 (0.1%).

• The employed population (5,067.8 thousand) increased from the previous month (0.2%) and a year earlier (0.9%) and decreased from three months before (0.1%).

• The unemployed population (347.7 thousand) decreased from the month before (0.4%) but increased from three months before (0.3%) and from a year earlier (1.8%).

• The unemployment rate stood at 6.4%, down 0.1 pp from July 2024 and equal to three months before and a year earlier.

• The inactive population (2,515.2 thousand) decreased from the previous month (0.2%), having increased from three months before (1.0%) and a year earlier (0.6%).

• The labour underutilisation rate stood at 10.9%, down 0.1 pp from July 2024, remaining unchanged from May 2024 and down 0.7 pp from August 2023.