Recorded unemployment rates drop again in March and are below pre-pandemic level – labor market

Recorded unemployment rates drop again in March and are below pre-pandemic level – labor market

The number of people registered in employment centers fell again in March for the second month in a row, after rising at the end of last year and the beginning of this, statistics from the Institute for Employment and Vocational Training (IEFP) released on Wednesday reveal. .

According to a note from the Ministry of Labour, Solidarity and Social Security (MTSSS), 326,251 people are registered, down 5.2% in the series and 24.6% year on year. “Recorded unemployment rates decreased in all comparisons, whether in the series or on an annual basis or compared to the last March before the pandemic (2019),” reads a note from the Ministry of Labor, Solidarity and Social Security. ).

Made of boom

Compared with March 2021, the number of unemployed decreased by 106,600 (-24.6%) which is “-2.3% lower than the level observed in March 2019 (-7,525 people), i.e. in the pre- pandemic,” the MTSSS note adds. .

According to the IEFP data, “For the decrease in registered unemployment, compared to the same month of 2021, in absolute variance, groups of individuals looking for new work (-103130), registered less than a year ago. (-96149) and those aged 25 years or older. (-90342).”

“Between February and March, chain-record unemployment fell across all regions,” adds the MTSSS note, and “in similar terms, there was a nationwide drop, with an emphasis on a 44.4% drop in the region. do Algarve (-14,864 people) )”, one of the people most punished during the pandemic due to the heavy reliance on tourism. Moreover, “unemployment from accommodation, catering and similar services decreased by 13.4% (-4,385 people) between February and March of this year, a sector now down 43.6% year-on-year (-21,926 people),” he adds. same line.

As for the long-term unemployed, there was “a decrease of 5.1% between February and March 2022 (-8,665 people), which is now 6.1% lower than the level recorded in March 2021 (-10,451 people) and 10.7% below the level Observed in the same month of 2019 (-15,474 people), ”says the office of Ana Mendes Godinho.

(news updated at 10:35 with more data)