Unemployment: Portugal in line with the European average

  • ECO News
  • 30 September 2019

The unemployment rate fell to 6.2% in the European Union in August, the same rate as in Portugal.

The European Union’s unemployment rate fell to 6.2% in August, one tenth less than in July, the European Union’s statistics office said Monday. It is the lowest ever figure in the European Union, according to the series that began in January 2000. Portugal was in line with the European average, but below the estimated average for the Eurozone, which was 7.4%, the lowest figure since May 2008.

Greece, Spain, Italy and France remain the countries with the highest unemployment rates in the European bloc. At the other extreme are the Czech Republic, with an unemployment rate of 2%, Germany (3.1%), Malta and Poland (both 3.3%).

The reduction in the unemployment rate in August (still provisional) put Portugal in the middle of the table, with the same value as the European Union average, 6.2%. However, in comparison with the Euro Zone, Portugal is significantly better.