“Sharp drop” in unemployment

… down nearly 10% in one month

Unemployment queues dwindling

Press agency Lusa reported last week that Madeira had registered a “sharp drop in unemployment”, with 10,904 unemployed registered at the end of June, 965 less than in the previous month.

The Madeiran executive (the PSD/CDS coalition) also highlighted in a press release that “the number of people enrolled (in unemployment) for less than a year decreased by 9.9% compared to May 2022, while the number of long-term unemployed decreased by 7.0%”

The information released by the Regional Secretariat for Social Inclusion and Citizenship highlights that, at the end of June, “10,904 unemployed were registered at the Madeira Employment Institute [IEM], which corresponds to a decrease of 965 registered people compared to the previous month”. According to the same analysis “only going back to February 2009 can we find a lower value of the number of registered members in the IEM”.

Unemployment down 43% over 12 months

And, compared to the same month of 2021, “there are 8,168 fewer unemployed in Madeira, which corresponds to a decrease of 42.8%”, he adds.

“The Autonomous Region of Madeira (RAM) stands out as the only one with a year-on-year growth in the number of job offers captured (+7.2%)” and registers a year-on-year growth in placements (+30.4%), according to the press release.

Thanks to Jaime for the link

COVID-19 in Madeira: updates can be found in an earlier post

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