Friday 8 November 2013

Labour market in Portugal (take 2)

Yesterday, Francesco Franco posted a quick view of the recent numbers. I felt the need to have some extra information - more on the past (I propose for discussion to start on the first quarter of 2011), and add the movement in total population.
The picture below shows the relative evolution (all series normalized to 1 in the first moment; the unemployed index series is shown in the right-hand-side axis).

Adding to the good news noted by Francesco, we have the news that total population has a downward trend in 2012, becomes stronger in 2013, and the same occurs to the active population. Looking at the absolute change in numbers from previous trimester (second figure) is somewhat messy. And I suspect that full numbers of emigration may not be totally reflected yet.

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