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Portugal: Unemployment falls to 14.3% – 5th monthly drop in a row

Page created: Tuesday, 1 July 2014 17:06 GMT

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Unemployment

Unemployment in Portugal dropped again in May to 14.3% from 14.6% in April, 2.6 percentage points less than a year previously (16,9%), the second biggest fall in the European Union (EU), Eurostat said on Tuesday.
The EU statistics office said that unemployment has been falling constantly in Portugal all year, even though the drops are not very major; 15% in January, 14.9% in February, 14.8% in March and 14.6% in April.
Even so, Portugal still has the fifth highest level of unemployment in the Union after Greece (26.8%, March figures), Spain (25.1%), Croatia (16.3%) and Cyprus (15.3%), and much higher than the EU average of 10.3%.
Youth unemployment in Portugal also improved, falling from 35.9% in April to 34.8% in May.

ACC/ADB // ADB.

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