UNEMPLOYMENT RATE IN MADEIRA BUT CONTINUES TO BE HIGHEST IN THE COUNTRY

UNEMPLOYMENT RATE IN MADEIRA BUT CONTINUES TO BE HIGHEST IN THE COUNTRY

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The results of the Employment Survey for the second quarter of 2018 indicate an unemployment rate in the Autonomous Region of Madeira estimated at 8.3%, the lowest since the beginning of the current series (1st quarter 2011 ). The data sent by the Regional Directorate of Statistics of Madeira also show that the rate decreased by 2.7 percentage points (p.p.) compared to the same quarter of last year and 0.8 p.p. compared to the previous quarter.
The estimated unemployed population stood at about 11.2 thousand people, registering a year-on-year decrease of 23.1% (-3.4 thousand people) and a quarterly decrease of 7.1% (about 900 fewer people).
The employed population stood at around 123.8 thousand people, reflecting a year-on-year increase of 4.8% and a quarterly increase of 2.2% (+5.6 thousand people compared to the same quarter and +2, 6 thousand compared to the previous quarter).
The activity rate of people of active age (15 years and over) in the second quarter of 2018 was estimated at 61.7%, 0.6 pp above the previous quarter and +0.7 pp when compared to the previous quarter. The activity rate in women was 56.0%, being lower than that of men (68.6%) in 12.6 p.p ..
The unemployment rate for Portugal stood at 6.7%, lower than the previous quarter by 1.2 pp and 2.1 pp when compared to the second quarter of 2017.
The Autonomous Regions of the Azores (8.2%) and Madeira (8.3%) are those that present a greater deviation from the national average, positioning above the aforementioned average, while Center and Algarve (in both cases, with 5.3%) come from the lowest unemployment rates among the country’s seven NUTS II regions. Compared to the previous quarter, the region with the most pronounced decline in the unemployment rate was the Algarve (-2.3 percentage points). In year-on-year terms, the largest reduction in the unemployment rate was in the RAM (-2.7 percentage points).

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