Portugal jobless rate slows to 5.9% in July – flash estimate

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Published: Aug 31, 2022, 10:23 GMT+00:00

(Reuters) - Portugal's monthly unemployment rate slightly eased to 5.9% in July from a revised reading of 6.0% in the previous month, the National Statistics Institute (INE) said in its flash estimate on Wednesday.

People wait at the employment center to open in Sintra

(Reuters) – Portugal’s monthly unemployment rate slightly eased to 5.9% in July from a revised reading of 6.0% in the previous month, the National Statistics Institute (INE) said in its flash estimate on Wednesday.

The youth unemployment rate (15 to 24 years old) fell to 17.8% in July, from 18.9% in the previous month and from 23.1% a year ago.

The labour underutilisation rate stood at 11.5%, down from 11.6% in June.

(Reporting by Mariana Ferreira Azevedo; Editing by Patricia Vicente Rua)

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