The gradual decline in unemployment from 2013 has been achieved by ignoring the increasing number of unemployed that are not recognised by the statistics.
For the first time, the unofficial unemployment level has exceeded the official version, according to the Crisis Barometer report entitled "Crisis and the labour market: less unemployment without more jobs" released today.
The analysis by the Centre for Social Studies at the University of Coimbra, looked at the various forms of unemployment and underemployment, and made prudent estimates of the previous employment status of those who had recently emigrated, all of which gave an actual unemployment rate of 29% of the working population in the second half of 2014 if those workers that left the country had remained here.
According to the report, rather than a decline in unemployment, "it is perhaps more appropriate to speak of unemployment stabilising at very high levels and employment stabilisation at a much reduced level than estimated at the beginning of the Adjustment Progrannme."
The report indicates that the job creation numbers recently announced by the government were based on weak foundations.
Excluding the official figure for the ‘occupied unemployed,’ quantified as employed by the National Statistics Institute, there were 463,600 jobs destroyed between 2011 and the second half of 2013, with just 37,900 jobs created.
Finally, the current unemployment figure "includes more unprotected unemployed than before the adjustment programme" and that employment generated in Portugal is based mainly on jobs that are “underpaid and without the prospect of continuity and true integration into the labour market.”
Comments
Portugal masquerading as being European but with its roots clearly embedded in north Africa. Not at all developed socially, accepting without question VIP's amongst them and then traumatised by the century or so under the shadow of Salazarism.
For 30 years pretending to be EU ... but - not yet out of the shadows. With very few Portuguese even remotely aware that being in the EU comes with responsibilities and duties.
If not, for fear, to your own country then to the other countries in the European Union.
Otherwise Darkie's vision - will come to pass.
We are being lied to by goverments and beauracrats,
They dont want the truth being known otherwise the game is up for them!
The true unemployment rate in portugal is worse than spain, its about 40%!
Under commie marxist socialism there is no incentive to work, or start a business.
The state will plunder you, rob you, fine you, criminalise you, put every obstacle
They can in your way to destroy you.
Youll be left in ruins, in litigation, and in debt.
The only ones who prosper under commie socialism is the few elites in the local politburos and their commie familys and cronies.
Its all been tried before, communism, national socialism, et al is responsible for more deaths and misery in history only second to islam.
The game is already over for the current eu marxist traitors, soon greece is gone from euro, then the domino effect begins, then the eu itself will implode from within. Start getting rid of your euros now, because soon they will be devalued by 95%.
The eussr is over, its on its last legs.