The number of unemployed people registered with the Madeira Employment Institute has continuously declined since March 2021, having reached a value of less than 10,000 in December, a number that is only paralleled by retreating until January 2009.
In a press release, the Regional Secretariat for Social Inclusion and Citizenship reports that “at the end of December 2022, 9,995 unemployed people were enrolled in the IEM, which corresponds to a variation of -0.3% compared to the previous month.
RAM is the only region that shows a decrease compared to the previous month (-0.3%). The Algarve stands out as the region with the sharpest increase (22.0%), with the national average increasing by 3.5%.
Compared to December 2021, there are 4,487 fewer unemployed in RAM.
In year-on-year terms, all regions recorded declines. RAM stands out, once again, as having the steepest decline (-31.0%) among all regions, followed by the regions of Lisbon and V. Tejo (-14.8%) and the North (- 11.0%), with the national average falling by 11.8%.