Unemployment may reach 18.5%

Unemployment in Madeira could move from 7% to 18.5%

Unemployment may reach 18.5% 1The Diario reports that the Government of Madeira is “making every effort” to avoid unemployment in the archipelago rising in view of the COVID-19 containment measures, but estimates suggest that it may reach 18.5%, said the Augusta Aguiar, Secretary of Social Inclusion today.

“In an optimistic perspective, [the unemployment rate] will be around 13% at the end of the year and, in a more drastic scenario, we can go up to 18.5%, which will mean around 25,500 unemployed workers”, he said Augusta Aguiar.

The governor was speaking at the flower deposition ceremony at the Monumento ao Trabalho Madeirense (sculptural piece by Ângelo Teixeira), on Avenida Sá Carneiro, in Funchal, within the scope of the celebrations of the 1st of May, which this year are being held with restrictions due to the COVID-19 pandemic. The Regional Government traditionally marks Labor Day with the deposition of flowers next to the Monument to the Madeiran Worker, located on Avenida Sá Carneiro.

“We are and make every effort, with support for companies, with support for workers, so that this scenario does not happen in the Autonomous Region of Madeira”, stressed Augusta Aguiar, recalling that the unemployment rate at the end of 2019 was 7%.

Leave a comment

Translate »