Flash Note nº 11

Dear subscriber [name],

We are sending our most recent Flash Note.

Highlights:

The unemployment rate increased by 0.5 percentage points (pp) to 32.4% when compared to the previous quarter;
The 0.5pp quarterly increase in the unemployment rate represents about 181,000 additional people who are looking for a job but are unable to get one;
The overall job growth rate in Q1 was 1%, which corresponds to 75.5 thousand net new jobs. Sectoral data show that employment growth in the quarter was mainly in Trade and Public Administration;
The national labor market continues to be challenging and worrying: the still persistently high degree of informality, the high levels of unemployment, predominantly in the younger age groups, as well as the quality of the employment itself generated, are recurrent issues that require greater action efforts.

Best regards,
BFA

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