According to data released today by the National Institute of Statistics (INE), “[In 2022] the unemployment rate was 6.0 percent and the labour underutilization rate was 11.4 percent, both having decreased in relation to 2021 (0.6 percentage points and 1.1 percentage points, respectively)”.
With regard to young people (16 to 24 years old), the unemployment rate stood at 19.0 percent, 4.4 percentage points less than in the previous year.
Last year, the annual average of the employed population was 4,908.7 thousand people, having increased by 2.0 percent compared to 2021.
The unemployed population, estimated at 313.9 thousand people, decreased by 7.3 percent (24.9 thousand) in relation to the previous year, but the proportion of long-term unemployed was estimated at 45.2 percent, 1.8 more percentage points than in 2021.
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