Portuguese American Journal

Report: Unemployment rate down to 13.9 % – Portugal

Official data from the National Statistics Institute has reported Tuesday that Portugal’s unemployment rate has dropped to 13.9% in the second quarter of the year, down 1.2 points from the previous quarter and 2.5 points from the second quarter of 2013. At the beginning of last year the unemployment rate stood at 17.5%.

The total with a job rose by 2.0%t both from the level in the first quarter and over 12 months. There were 728,900 unemployed registered in the second quarter, down 59,200 in the quarter and 137,900 on the year, it was reported. Portugal’s total population is estimated at about 10,600 million.

There was a drop of 142,500 in the year in the number of unemployed looking for a new job and a drop of 91,800 in the number of people out of work for more than 12 months. The jobless rate for men was 13.5% and for men 14.3%. For the aged between 15 and 24 – the rate was 35.6%, down 8.7 points on the quarter and 8.6 points on the year.

Portugal’s largest trade union federation, the CGTP, has dismissed official unemployment figures released by the National Statistics Institute that show a jobless rate of 13.9% in the second quarter, saying the real rate is almost 23%, one of the highest in the European Union.

The Portuguese government and the European Commission had predicted unemployment in Portugal would fall to 15.4% by the end of the year, down from 16.3 % at the end of 2013.

paj.staff.lusa.updated 08/06/24

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