10-08-2022 - In the 2nd quarter of 2022, the estimated unemployment rate in the Autonomous Region of Madeira stood at 7.3%

In the 2^nd quarter of 2022

Estimated unemployment rate in the Autonomous Region of Madeira stood at 7.3%

The Labour Force Survey results, for the 2^nd quarter of 2022, indicate that the unemployment rate for the Autonomous Region of Madeira was estimated at 7.3%. This value decreased by 0.2 percentage points (pp) when compared to the previous quarter and by 1.1 pp from the same quarter of last year. Compared to the 4^th quarter of 2019 (pre-pandemic COVID-19 period), there was a drop of 0.1 pp.

The estimated unemployed population in the Autonomous Region of Madeira stood at 9.6 thousand persons, dropping by 10.1% from the same quarter of last year (1.1 thousand persons) and 2.1% compared to the previous quarter (about 200 persons).

The employed population was estimated at 122.5 thousand persons, representing a year-on-year increase of 5.0% (5.8 thousand persons) and a quarterly growth of 1.2% (1.4 thousand). Of the employed population, 14.8 thousand persons worked from home (15.0% of employed women and 9.1% of employed men). Note that according to the time series of the Labour Force Survey, the employed population for the 2^nd quarter of 2022 is the highest ever in the Region.

The activity rate of working-age people (aged 16 to 89), in the 2^nd quarter of 2022, was estimated at 60.7%, up by 2.0 pp to the same quarter of last year and 0.5 pp from the previous quarter. The activity rate for women was 56.8%, lower than that of men (65.3%) by 8.5 pp.

The inactive population stood at 120.8 thousand persons in the reference quarter, decreasing by 4.0% quarter-on-quarter and 1.1% from the previous quarter.

The unemployment rate for Portugal decreased by 5.7%, - 0.2 pp from the previous quarter and by 1.0 pp from the same quarter of the previous year.

The Autonomous Region of Madeira (7.3%) and Área Metropolitana de Lisboa (6.8%) recorded the highest unemployment rates in the reference quarter, with Alentejo (4.4%), Centro (5.2%) and Algarve (5.3%) having the lowest rates. The Autonomous Region of Azores had a 5.9% rate, also higher than the country´s rate.

In five of the 7 NUTS2 regions of the country, the unemployment rate fell in quarterly terms, with the largest drop being recorded in the Algarve (-1.7 pp). Área Metropolitana de Lisboa maintained the value of the previous quarter and the Norte was the only region where there was a quarterly increase ( +0.1 pp). In year-on-year terms, the unemployment rate decreased in all regions of the country, except for Área Metropolitana de Lisboa, where it rose by 0.1 pp.