fbpx
Log in

Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Captcha *

Little improvement in Portuguese employment

unemployedThe unemployment level in the eurozone dropped from 11.5% in November 2014 to 10.5% last November.

This still left nearly 17 million people in the region without jobs.

The lowest rates still pertain in Germany (4.5%), Malta (5.1%), and the UK (5.2%), while the highest persist in Greece (24.5%) and Spain (21.5%).

Portugal dropped down the rank by one position leaving it as the country with the fourth highest rate in the euro area.

Over the course of the year from November the rate fell one percentage point reaching 12.4% with 621,000 people needing work.

But for young people to the age of 25 the rate has not budged at all during the year, remaining at 33.4%. While no where near the shocking 50% rates of Spain and Greece, it is significantly higher than the 22.5% eurozone average.

Thus, 124,000 young Portuguese are unemployed.

This too is the fourth highest in the single currency region.

Other figures released by Eurostat recently have indicated that around three quarters of a million Portuguese have gone just to France, the UK and Luxembourg with others no doubt having found work in other countries.

The true picture would be far graver if the statistics had to account for one million more in Portugal.

Pin It

You must be a registered user to make comments.
Please register here to post your comments.