Jobless rate rises in third quarter

Jobless rate rises in third quarter


 

Unemployment continues to rise in recession-hit Portugal, where the national statistics body INE on 16 November estimated a jobless rate of 12.4% for the third quarter, representing a 0.3% rise on the previous three months.

Among people aged between 15 and 24 years, unemployment stood at 30%. "A very considerable adjustment" was needed to "correct instabilities that have been accumulating over the past years," Economy Secretary of state Pedro Martins said. H...


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