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Unemployment at 6.9%: 3rd consecutive month of increase and end of the "golden age" of the labor market in Portugal

Unemployment at 6.9%: 3rd consecutive month of increase and end of the "golden age" of the labor market in Portugal

The Portuguese employment situation is no longer good. The unemployment rate in Portugal has been increasing since November of last year. This trend prompts some economists to speak of the end of the "golden age" of employment in Portugal. The provisional estimate from the Portuguese National Institute of Statistics confirms a further increase, the third consecutive. In January, unemployment reached 6.9% of the Portuguese population and the rate is 19.3% among young people. There is no official explanation for this increase in unemployment. Lisbob, the expatriate assistant in Portugal, tells you all about the Portuguese unemployment figures.

Unemployment ends up in 2019 in Portugal with a rate of 6.9%

Unemployment ends up in 2019 in Portugal with a rate of 6.9%

Unemployment ends up in 2019 in Portugal: the rate is 6.9% The unemployment rate in Portugal has known good figures for a few years. However, the year 2019 ends with an increase to 6.9%, a figure revealed by the INE (the National Institute of Statistics) from the monthly unemployment rate excluding seasonal variation. You have to go back to August 2018 to find a higher, higher unemployment rate. Should this be seen as a break or an aggravation of the employment situation in Portugal? Lisbob, the expats assistant in Portugal, tells you all about the new Portuguese unemployment figures.