Portugal’s unemployment rate held steady in the three months ended September, data from Statistics Portugal showed Wednesday.
The jobless rate came in at 11.9 percent in the third quarter, the same rate as in the preceding quarter.
In the corresponding month last year, the unemployment rate was 13.1 percent.
The number of unemployed people decreased to 618,800 in the three-month period to September from 620,400 in the previous three months. A year ago, the jobless figure totaled 688,900.
Meanwhile, the youth unemployment rate, which applies to the 15-24 age group, rose to 30.8 percent in the September quarter from 29.8 percent in the June quarter.
The material has been provided by InstaForex Company – www.instaforex.com