Unemployment rate stands at 7.1% in 1st quarter

By TPN/Lusa, in News, Business · 13-05-2021 16:00:00 · 0 Comments

The unemployment rate was 7.1 percent in the first quarter, 0.2 percentage points lower than in the previous quarter and 0.3 percentage points higher than in the same quarter of 2020

According to the National Statistics Institute (INE), between January and March the unemployed population, estimated at 360.1 thousand people, decreased by 3.5 percent (13.1 thousand) compared to the previous quarter and increased by 3.5 percent (12.0 thousand) compared to the first quarter of 2020.

The inactive population aged 16 and above was estimated at nearly 3.753 million, up 1.4 percent (50.8 thousand) from the previous quarter and 1.5 percent (56.0 thousand) year-on-year.

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