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Portugal employment rate improves sequentially in 2Q
Release time:2016-08-11
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Portugal’s unemployment rate dropped to 10.8 percent in the second quarter, an improvement of 1.6 percentage points from the previous quarter, the European nation’s statistics bureau announced this week.

Statistics Portugal revealed on Wednesday official provisional estimates for employment. They showed that between April and June the country had an unemployed population of 559,300. That meant 80,900 fewer people were jobless compared to the first quarter.

The statistics bureau said in a press release that the second quarter fall in the number of unemployed people – amounting to 12.6 percent of the prior-quarter jobless tally – followed a seasonal pattern seen in previous years. It noted that in the first half of 2015 the quarter-on-quarter fall in joblessness had been even steeper, at 13 percent.

According to Portuguese newspaper Público, the unemployment rate registered in Portugal in the second quarter of 2016 was the lowest quarterly unemployment rate in the country since the first quarter of 2011, when Statistics Portugal started using the current methodology for determining the rate.