26 BANCO DE PORTUGAL • Boletim Estatístico Labour market A.3 Source: Instituto Nacional de Estatística, Eurostat and Bureau of Labor Statistics Portugal Nov-15 Dec-15 (1) Euro Area(2) Jan-16 Feb-16 Mar-16 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 (year-on-year rate of change - y.r. - in percentage) 1 2 3 4 5 6 7 8 9 10 1 Unemployment …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… -9.3 -10.7 -12.5 -10.3 -9.4 -8.9 -7.6 -7.4 -7.0 -8.2 2 Unemployment rate …………………………………………………………………………………………………………………………………………………………………………………….……………………………………………………………………………………………………… 12.3 12.2 12.1 12.2 12.1 10.5 10.5 10.4 10.4 10.2 (in percentage) Portugal(3) 2015 Q1 2015 Q2 Euro Area(2) 2015 Q3 2015 Q4 2016 Q1 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 (year-on-year rate of change - y.r. - in percentage) 1 2 3 4 5 6 7 8 9 10 3 Employment ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………….. 1.1 1.5 0.2 1.6 0.8 0.9 0.9 1.0 1.2 . 4 Labour force ……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..……………………………… -0.5 -0.8 -1.1 0.1 -0.7 0.2 0.3 0.1 0.2 . (in percentage) 5 (4) 73.2 73.3 73.5 73.6 73.4 72.2 72.4 72.5 72.6 . Participation rate …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………….. Labour market - Portugal 4 800 950 4 700 900 4 600 850 4 500 800 4 400 750 Employment - y.r. 3 2 4 300 700 4 200 650 4 100 Mar/11 Mar/12 Mar/13 Employment Mar/14 Mar/15 600 Mar/16 in percentage 0 103 persons 103 persons 1 -1 -2 -3 -4 -5 -6 Unemployment (right hand scale) Q1 2013 Q1 2014 Portugal Unemployment rate 20 Q1 2012 Q1 2015 Q1 2016 Euro Area Participation rate 74 18 16 in percentage in percentage 14 12 10 72 8 6 4 70 Q1 2012 Q1 2013 Portugal Q1 2014 Q1 2015 Euro Area Q1 2016 Q1 2012 Q1 2013 Portugal Q1 2014 Q1 2015 Q1 2016 Euro Area (1) Seasonally adjusted values based on the Labour Force Survey for population aged between 15 and 74 years old. Monthly figures refer to estimates for centered moving quarters, where the reference month is the mid-one of each quarter. (2) Fixed composition 19 countries. (3) INE introduced a new methodology in the employment survey in the 1st quarter of 2011. Consequently, data for Portugal in the table and in the charts, starting on this period, are not comparable with the ones obtained with the previous methodology. (4) Participation rate for the group aged between 15 and 64 years.