Portuguese Unemployment Falls for 3rd Straight Quarter

In the fourth quarter of 2013, Portugal’s jobless rate decreased for the third straight quarter to 15.3, from 15.6 percent in the previous three-month period. A year earlier, unemployment reached 16.9 percent.

There were 826.7 thousand unemployed people, which corresponds to a year-on-year decrease of 10.5 percent and to a quarterly decrease of 1.4 percent (less 96.5 thousand and less 11.9 thousand people, respectively).

There were 4 561.5 thousand employed people, a year-on-year increase of 0.7 percent and a quarterly increase of 0.2 percent (more 29.7 thousand and more 7.9 thousand people, respectively).

Considering full 2013, the unemployment rate was 16.3 percent, 0.6 percent higher than in 2012. There were 875.9 thousand unemployed people, up 1.8 percent from the previous year (more 15.8 thousand people). The employed population recorded an annual decrease of 2.6 percent (less 121.2 thousand people).

Portuguese Unemployment Falls for 3rd Straight Quarter

INE | Joana Taborda | joana.taborda@tradingeconomics.com
2/5/2014 11:19:08 AM