Portugal: Drop in unemployment third largest in EU

Page created: Monday, 3 April 2017 14:27 GMT

Euro Area  European Union  Unemployment

Brussels, April 3 (Lusa) – Portugal posted the third largest year on year drop in the rate of unemployment in the European Union, from 12.2% to 10.0%, compared to an average of 9.5% in February across the Euro Zone, Eurostat said on Monday.

Among the 28 member states of the European Union (EU), the average rate of unemployment fell slightly to 8.0%, compared to 8.1% in January and 8.9% in February 2016.

According to the EU statistics office, on year, the biggest drops in the rate of unemployment were seen in Croatia (from 14.4% to 11.6%), Spain (from 20.5% to 18.0%), Portugal (from 12.2% to 10.0%), and in Ireland (from 8.4% to 6.6%).

The biggest year on year rises were in Denmark (from 6.0% to 6.4%) and in Lithuania (from 8.0% to 8.3%).

In terms of unemployment among young people, in February it fell to 19.4% in the Euro Zone, compared to 19.8% in January and 21.6% in February 2016.

In Portugal unemployment among people aged 25 and under fell to 25.5% compared to 30.1% in February 2016 and 25.6% in January of this year.