Unemployment drop in Portugal is third biggest in July

By TPN/Lusa, in Business · 06-09-2018 10:12:00 · 0 Comments

The year-on-year unemployment rate fell to 8.2 percent in July in the eurozone and to 6.8 percent in the European Union (EU), with Portugal third in the biggest drops ranking compared to 2017, Eurostat revealed.

The EU’s statistics office said unemployment fell in every member state, with Portugal having one of the biggest year-on-year drops (from 8.9 percent to 6.8 percent), after Cyprus (from 10.7 percent to 7.7 percent) and Greece (from 21.7 percent to 19.5 percent, May figures).
In July 2017, the unemployment rate was 9.1 percent in the single currency area and 7.6 percent in 28 member states as a whole.

In Portugal, the unemployment rate remained stable and following the EU, with 6.8 percent.
In July, the lowest unemployment rates were in the Czech Republic (2.3 percent), Germany (3.4 percent) and Poland (3.5 percent) and the highest ones in Greece (19.5 percent in May) and Spain (15.1 percent).



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