Jobless rate unchanged at 6.7%

By TPN/Lusa, in News · 07-02-2019 08:44:00 · 0 Comments
Jobless rate unchanged at 6.7%

Portugal’s jobless rate was unchanged at 6.7% in the fourth quarter of 2018, leaving the annual average at 7.0%, down from 8.9% in 2017, the National Institute of Statistics (INE) announced.

The fourth-quarter rate is 1.4 percentage points down from the same quarter of 2017, corresponding to the lowest rate in the series that was started in the first quarter of 2011.

According to the INE, the number of unemployed was 349,100 people, down 3,600 or 1.0% from the previous quarter, so returning to the downward trend seen since the second quarter of 2016 and only interrupted in the third quarter of 2018.

In relation to the fourth quarter of 2018, the decrease in the number of jobless was 72,900 or 17.3%.


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