Sunday, July 31, 2016

Unemployment rate at seven-year low in Portugal

Latest figures out have revealed that dole queues were at the shortest in seven years in June.

According to Portugal Statistics, unemployment last month fell to 11.2 percent, which is the lowest the figure has been since August 2009.

The drop of almost one percent in relation to June 2015 was immediately used by the government, who argued these numbers prove that economic recovery is well underway in Portugal.

Minister Augusto Santos Silva said the jobless rate is lower than the government had forecast and that it would therefore have a positive effect on the current state budget.

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