Portugal’s headline unemployment rate has dropped to 8.8% at the end of the second quarter of 2017
It is the lowest figure since 2009 and Minister, Vieira da Silva, said he is convinced that the rate will continue to fall.
The National Statistical Institute says there are 461,400 people officially unemployed and Minister of Labour and Social Solidarity, Vieira da Silva, believes that unemployment will continue to fall until the end of the year, but refuses to put down a number.
The unemployment rate for young people (aged 15-24) was 22.7%, down 2.4% from the previous quarter and 4.2% less than in the same quarter of 2016.
The unemployment rates in the Alentejo (8.7%), Algarve (7.6%) and Centre (7%) were below the national average.
Those are the official figures which can be doubled to get the real picture with even the INE concluding that there are more than 900,000 unemployed, not 461,000, i.e. almost double the official rate.
Comments
http://observador.pt/2017/08/09/desemprego-real-e-quase-o-dobro-do-conhecido/
Ed
Ed - if we therefore assume a statistical sampling error of plus OR minus 95%, could the true Portuguese unemployment figure be nearer to only 23000 perhaps? Just saying
The way these unemployment stats are collected are standardised but each time exclude certain categories and situations. Yes, the figure is correct, but so also is the higher figure which includes more 'real time' data or the unemployed.
I did not suggest you were quoting from a politician.
It is 'unfair on the readership' to deny them the comment from the National Statistics Institute that its unemployment figure is half that of reality.
This comment was not in the report. It is not speculation on my part as it is repeating a comment from the Nartional Statistics Institute which is in a pretty good position to comment.
I really don't know how else to explain this.
I was not quoting from any politician.
I am quoting from the National Statistics Report on unemployment in 2017, and it did not mention, anywhere in the report the figure 900,000.
It is unfair on the readership to provide an article that is based on speculation, anyone can do that.
Please provide evidence based material, it would be appreciated.
You will not find the higher figure in the report. The Institute commented that its figure of 461,400 could roughly be doubled due to the way it collects and reports the unemployment information.
It seems to be the custom in Portugal that every politician "adapts" and "uses" stats for its own benefit.
"Truth" is not relevant and not important for these guys !