Within the last two years the number of registered as unemployed and of those receiving unemployment benefits have evolved in opposite directions. The unemployment rate has increased significantly, whereas the number of beneficiaries slightly diminished. The number of registered as unemployed in the Institute of Employment and Professional Education (IEFP : Instituto do Emprego e Formação Profissional) in February 2012 was 15,4% higher comparing with the same period of 2010. At the same time-interval the number of receiving unemployment benefits decreased 5,7%.
Among 560 312 registered in IEFP as unemployed in January 2010, 64,1% (359 369) were receiving unemployment benefit. In February 2012, that figure decrease to 54,2% (648 018 registered as unemployed, 351 959 receiving unemployment benefit).
Regarding the type of financial help received by unemployed in February 2012, 289 219 received unemployment allowance (82,2% of total), 31 582 (9%) Initial Unemployment Social Allowance and 31 133(8,8%) Subsequent Unemployment Social Allowance.
The mean value of the unemployment benefit in Portugal in February 2012 was 503,88 Euros. Unemployment allowance was 533,25 Euros, while mean values of Initial Unemployment Social allowance and Subsequent Unemployment Social Allowance were 349,32 and 366,52 Euros, respectively.
- Changes in the number of registered as unemployed at IEFP and the number of receiving unemployment benefit in Portugal (January 2010-February 2012)
Figure 1 shows detailed data on the evolution in the number of registered as unemployed in IEFP, differentiating those who received the unemployment benefits and those that do not received unemployment benefits (January 2010 – February 2012).
- Evolution in number of registered as unemployed in IEFP, recipients of unemployment benefits and registered without unemployment benefits (January 2010-February 2012)