The Savings Banks Foundation (Funcas) has associated the "notable" acceleration of the monthly increase of foreign affiliates to Social Security in the last quarter with the immigrant regularization process, who "could have been working irregularly previously".
From the Economic Situation area of Funcas, they point out that this rebound "is not observed among national workers", whose number has shown a pattern of "deceleration" in recent months, after verifying that foreign-born employment represented almost 72% of the total increase in May in seasonally adjusted terms.
According to Funcas's estimates with seasonally adjusted data, in May, seven out of every ten new registrations in Social Security corresponded to foreigners, a group that incorporated 43,000 employed people in the last month compared to the overall increase of 60,000 contributors calculated with the same method.
At the same time, the entity has analyzed the behavior of registered unemployment in May, whose reduction of 36,323 unemployed was described as "significantly lower than usual" for this period and which, once adjusted for seasonality by Funcas, translates into an increase in unemployment of about 1,300 people.