Edition 1471
21 April 2018
Edition: 1471

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Unemployment in January confirmed at lowest since July 2004

in News · 05-04-2018 14:20:00 · 0 Comments

Portugal’s National Statistics Institute (INE) confirmed on Tuesday that the January unemployment rate was set at 7.9 percent, the lowest since July 2004, estimating a further decline for February to 7.8 percent.

Unemployment in January confirmed at lowest since July 2004

A year earlier, in January 2017, the unemployment rate was 10.1 percent, according to the INE.

The final figure for January represents a decrease of 0.1 percentage points from the previous month, 0.5 percentage points less than three months earlier and 2.2 percentage points less than in the same month of 2017.
The youth unemployment rate (15-24 years old), in turn, stood at 22.1 percent in January, down from 23 percent in December, with the INE estimating this figure will remain unchanged in February.
The unemployment rate for adults increased by one tenth of a percentage point to 7.1 percent.
The unemployed population in January was estimated at 409,400 people, having decreased by 0.7 percent against the previous month (3,000 people fewer), while the employed population was estimated at 4,777,800 people, having increased by 0.1 percent (an additional 6,400 people) compared to the previous month.

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Edition 1471
21 April 2018
Edition: 1471

Read this week's issue online exactly as it appears in print.

Twitter

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