Economic Indicators
Portugal’s first-quarter jobless rate drops to 5.9%
2022.05.11 14:10
FILE PHOTO: People are seen wearing protective masks during the coronavirus disease (COVID-19) pandemic in Lisbon, Portugal, December 5, 2020. REUTERS/Pedro Nunes
(Reuters) – Portugal’s unemployment rate in the first quarter fell to 5.9%, from 7.1% a year earlier, and from 6.3% in the preceding three months, official data showed on Wednesday.
The youth unemployment rate (16 to 24 years old) fell to 20.6%, from 23.4% in the previous quarter and from 24.1% a year ago.
Between January and March, the total number of unemployed people decreased 6.7% to 308.4 thousand people from the previous three months and fell 14.3% from the same period last year.
