Tag Archives: 'unemployment'
The unemployment rate in Portugal fell again in June to 17.4%. This is the second month in a row that the figures have been going down since peaking at 17.8% in April.
Three-quarters of the Portuguese believe that the worst is yet to come, according to a study released on Tuesday by the European Commission.
The European statistics office said that despite the slight fall, the jobless rate in Portugal is still the third highest after Spain and Greece.
The first alterations to the 2013 budget include a revision of the ceilings for expenses following the Constitutional Court’s rejection of cuts in workers’ subsidies.
The country’s unemployment figures have risen even further, with the number of jobless surpassing 950,000.
Portugal’s rate also showed the fourth largest year-on-year increase, after Greece, Cyprus and Spain, Eurostat said Tuesday.
When asked about the 17.5% jobless rate revealed by Eurostat for February, Pereira said the government would do everything in its power to “boost the economy and investment and create jobs”.
This is the first month since August that Portugal’s jobless rate, as calculated by Eurostat, has not risen, although it compares with a rate of 14.8% in February 2012.
The head of the International Monetary Fund’s mission to Portugal said the country’s deficit targets had been revised to avoid further recession and unemployment.
Despite the economy being expected to slump further, the IMF says it still expects a recovery late in the year.