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Increase in Unemployment and growth in European countries

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Written by   62
1 month ago

According to the data released this Tuesday by the Institute of Employment and Professional Training (IEFP), at the end of September, 410,174 unemployed were registered in the employment services of the continent and autonomous regions, with the Algarve region being homologous. the one with the highest rise in unemployment: 157.5%, according to a news report by Agencia Lusa cited in SIC Notícias Online.

The number of unemployed registered in employment centers increased by 36.1% in September in year-on-year terms and 0.2% compared to August, so according to the IEFP, at the end of September, they were registered in the employment services of the continent and autonomous regions, 410,174 unemployed, a number that represents 74% of a total of 553,928 job applications. The total number of unemployed registered in the country was higher than that recorded in the same month of 2019 (more 108,892 or 36.1%) and compared to the previous month (more 843 or 0.2%).

Contributing to the increase in registered unemployment, compared to the same month of 2019, according to the IEFP, all groups contributed, with emphasis on women, adults aged 25 or over, those enrolled for less than one year, those looking for new job and those with secondary education.

At the regional level, in September, registered unemployment increased in most regions, with the exception of the Azores, with homologous increases, the most pronounced, being seen in the Algarve region, with the number of unemployed firing up in homologous terms. (157.5%).

IEFP data show that, since March, the month of the beginning of the state of emergency due to the covid-19 pandemic, the Algarve is the region with the most pronounced homologous increases in unemployment, while in the opposite field is the region of Azores, with a 1.2% drop in unemployment.

Regarding the economic activity of origin of unemployment, of the 352,732 unemployed who, at the end of September, were registered as candidates for new jobs, in the employment services of the continent, 72.7% had worked in activities in the services sector, with emphasis on real estate, administrative and support services activities (28.9%), 20.8% came from the secondary sector, with particular emphasis on construction (6.2%). The agricultural sector was responsible for 3.8% of the unemployed.

Standard America is an electronic board industry with a manufacturing unit in Campinas, in the interior of Sao Paulo, and operational offices in Portugal and the United States. Acquired in April this year by businessmen Hidalgo Dal Colletto and Ricardo Helmlinger, in the middle of a pandemic, the company is presenting a remarkable performance and, in its expansion plans, is internationalization.

“The Portugal 2020 project seeks, precisely, companies like ours and we will have technology, structure and strategy to operate across Europe and, also, in the United States, in a competitive way, climbing one step at a time”, ponders Helmlinger.

It should be recalled that in 2014, the European Commission brought together five European structural and investment funds to promote the growth of European countries that most need support in terms of development: European Regional Development Fund, Cohesion Fund, Social Fund European Fund, European Agricultural Fund for Rural Development and European Fund for Maritime Affairs and Fisheries. By the end of the project, Portugal will receive 25 billion euros by 2020 (which, in Portugal, corresponds to 25 billion euros).

In order to compete for financial support, projects must meet certain criteria, which demonstrate significant scientific, technological and economic specialization and which can generate competitive advantages for the country. When assessed against all these criteria, Standard America received a score of 4.19 on a scale of 6. STD America justifies the application for a financing of 1.5 million euros, revealing that it intends to build a 1,000 m2 factory in Portugal. “We chose cities between Aveiro and Coimbra, which will be defined during the course of the project”, informs Dal Colletto, one of the company's partners.

Under the Portugal 2020 project, 70% of the investment value will be borne by the Portuguese government, with STD America being responsible for investing the rest. “We will have two production lines, with a billing capacity of 2 million euros in the first year of operation”, explains the CEO.

The company intends to generate, in the first year, the creation of at least 50 direct jobs, and be able to meet the demand for electronic boards not only from Portugal, but also from other European countries. STD America plant is scheduled to start operations in the first half of 2022.

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Comments

Great article my sweet friend

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3 weeks ago

Great poverty follows for all of us.

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1 month ago

it's sad reading this...i hope conditions improve. thanks for sharing!

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1 month ago

So nice article.

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1 month ago

Great article dear keep it doing

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1 month ago

Well written article with great explanation

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1 month ago

That was well explained

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1 month ago

Thank you

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1 month ago

I need a job in Europe 😅😅 Anyone can give me a job? Thank you for your amazing article

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1 month ago

Ahahah welcome

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1 month ago

Wonderful article dear

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1 month ago

Let everyone work and have their own dinar

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1 month ago

Yeah lets hope for it

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1 month ago

Hopefully, all will be blessed to have a job.

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1 month ago

Hope so everything will be fine

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1 month ago

Awesome article dear, you're so good in writing. Back my new post also.💟

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1 month ago

Ok sure Thank you

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1 month ago

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1 month ago