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Unemployment dropping steadily in Portugal

tractorplougingThe unemployment rate in Portugal dropped from 15.7% to 13.6% in September compared to September 2013.

The rate means that there were 702,000 people in Portugal without work, down from 728,000 last September, according to government figures.

This was one of the largest annual drops in the eurozone, second only to Spain where the rate went down 2% to 24%.

The average rate for September in the eurozone was 11.5%. The region had more than 18 million people registered as out of work.

Germany and Austria remain the two eurozone countries with the lowest unemployment, while Greece and Spain retain their positions at the top of the list for highest unemployment.

Young people in the region did not fare well. While the eurozone average for people between 16 and 24 years old was 23.3%, this was only a slight drop from the 24% it had been last September.

Just over 3.3 million young people are expected to get by without work, of which 123,000 were in Portugal where the rate fell by just 1% to 35.2% in September.

The rate for young people in Portugal is dreadful, but is shocking in Spain (53.7%), Greece (50.7%), and Italy (43%).

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Comments  

0 #4 Ellis Jones 2014-11-02 11:16
It was striking to see on Friday left wing members of the Portuguese Parliament throwing back at their government the charge that the figures understate by half the total number of unemployed !!!

So it is not just the Algarvedailynews that is battling with actual vs adjusted vs massaged vs imagined etc

50% out ! Perhaps - now taking the true figure over a million unemployed; given that many employees were in friends and families businesses so never formally registered in the system or now able to take out unemployment benefit. .

Therefore a quite staggering number not working in a small countries' workforce ... many on no support at all.

Not a brilliant example for 30 years in the EU. With all the structural support and investment the EU has been spending here.

Along with much of it no doubt being invested off-shore by certain well placed individual's... so totally wasted.
0 #3 Peter Booker 2014-11-01 13:34
Editor, there is a massive difference between the actual unemployment rate (which probably even the government does not know) and the registered unemployment rate (which is the outcome of massaging exercises). May we readers ask you to use the term registered unemployment, which is clearer?
+1 #2 Peter R 2014-10-31 22:40
In much the same way as successive
Uk governments have contrived to massage the figures....
+2 #1 Fred. 2014-10-31 19:26
This is nonsense !

Recently Unemployed Portuguese neighbours of ours with two children in their early twenties tell of all the scams used to get them all 'off the list of unemployed'.

Constant checking on their circumstances and then re-classification and announcing re-training schemes that are not running. Or delayed.

All reducing the numbers !

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