Portugal unemployment drop is fourth biggest in August

By TPN/Lusa, in News · 02-10-2018 08:23:00 · 0 Comments
Portugal unemployment drop is fourth biggest in August

The year-on-year unemployment rate fell to 8.1% in August in the eurozone and to 6.8% in the European Union (EU), with Portugal posting the four biggest drop (2 percentage points) in the rate compared with 2017, according to Eurostat on Monday.

In the eurozone, unemployment fell to 8.1% compared to 9.0% in August 2017 and 8.2% in July and is the lowest rate since November 2008.

In the EU overall, the 6.8% rate means a year-on-year decrease (7.5% in August 2015), but has remained stable since July.

The EU’s statistics office said unemployment fell in Cyprus (from 10.5% to 7.5), Croatia (from 10.9% to 8.5%), Greece (21.3% to 19.1% between June 2017 and June 2018) and Portugal (from 8.8% to 6.8%)

In August, the lowest unemployment rate was in the Czech Republic (2.5%), Germany and Poland (3.4% each).

The highest were registered in Greece (19.1% in June) and Spain (15.2%).


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