Portugal’s rate of unemployment drops for second consecutive month ending first half at 17.4 pct

1 August 2013

The unemployment rate in Portugal fell for the second consecutive month to 17.4 percent of the active population at the end of the first half, the European Union’s statistics office, Eurostat said Wednesday.

According to the figures published by Eurostat, in June there was a total of 923,000 unemployed in Portugal, or 9,000 less than in the previous month, but 62,000 more than in June 2012.

The European statistics office calculates the unemployment rate for Portugal based on the latest figures from Portugal’s National Statistics Institute (which only publishes quarterly figures) and changes in unemployment recorded by the Institute for Employment and Professional Training (IEFP).

In the first three months of the year the rate totalled 17.6 percent of the active population, rose to 17.8 percent in April, returned to March levels in May and has now fallen to 17.4 percent.

Both in the Euro Zone and in the 28 European Union (EU) countries as a whole, unemployment remained unchanged between May and June, accounting for 12.1 percent of the active population in the Euro Zone and 11 percent in the EU-28. (macauhub)