Portugal with 4th biggest unemployment drop unemployment in May

By TPN/Lusa, in News · 03-07-2018 07:59:00 · 0 Comments
Portugal with 4th biggest unemployment drop unemployment in May

The unemployment rate in the Euro Zone fell in May to 8.4% and to 7.0% in the European Union (EU) as a whole, with Portugal registering the fourth largest decline among the Member States, falling from 9.2% to 7.3%, according to Eurostat.

The unemployment rate fell in May to 8.4% in the Euro Zone, compared to 9.2% in the same month of 2017, and in the EU to 7.0%, compared to 7.7% ayear before. Compared to April the unemployment rate remained stable for both areas.

According to the EU statistics office, the largest annual decline in the unemployment rate was observed in Cyprus (from 11.4% to 8.4%), Croatia (from 11.3% to 8.9%), Greece (from 22.1% to 20.1% in March) and Portugal (from 9.2% to 7.3%).

In May, the lowest unemployment rates were recorded in the Czech Republic (2.3%) and Germany (3.4%) and the highest in Greece (20.1% in May) and Spain (15.8% ).

In Portugal, the unemployment rate of 7.3% recorded a year-on-year decline (9.2% in May 2017) and a rise from 7.2% in April.


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