70152
Portugal Jobless Rate Falling
Portugal Jobless Rate Falling

Portugal Jobless Rate Falling

Portugal Jobless Rate Falling

The unemployment rate in Portugal fell 1.3 percentage points to 8.8% in the second quarter of 2017 compared with the previous quarter and was 2% down in comparison with the same period in 2016, the Portuguese National Statistics Institute said, Portugalnews reported. The job numbers published show that 461,400 people were out of work, a 11.9% reduction (62,500 fewer), in the second quarter, continuing the quarterly reductions seen since the second quarter of 2016. A former eurozone bailout recipient, Portugal’s unemployment rate topped 17% at the height of its economic woes in 2013. But the country’s recovery has gained steady momentum in the last year leading Lisbon to exit the EU’s excessive budget procedure for the first time since 2011 earlier this year. Underscoring how the eurozone’s broad-based rebound is spreading across the continent, figures from Italian industry Friday showed the sector enjoyed its best performance in six months in June.

 

Short URL : https://goo.gl/hDvkEo
  1. https://goo.gl/2vz9KT
  • https://goo.gl/p2qrPw
  • https://goo.gl/f8ZuQK
  • https://goo.gl/8JX8V8
  • https://goo.gl/K3JE3v

You can also read ...

Thai CB Retains Key Rate
Thailand’s central bank on Wednesday left its key interest...
China and India continue to remain the most promising investment destinations in 2017.
Developing Asia is expected to witness a 15% increase in...
Brazil Raises Deficit Ceiling
Brazil is raising its deficit ceiling for this year and 2018...
Elon Musk, Kevin Plank, Bob Iger, Richard Trumka, Kenneth Carleton Frazier
The honeymoon is definitely over. When US President Donald...
Riksbank is under pressure to tighten its ultra-loose monetary policy.
Underlying inflation topped the Swedish central bank’s target...
Crude oil accounts for 96% of exports and around half of state revenue.
Venezuela might look bad right now amid protests, scarce food...
At 310% GDP, China’s banking sector is above the advanced economy average and nearly three times  the emerging market average.
China's economy is looking good enough that the International...
US Household Debt at $12.8 Trillion
US household debt reached a new record in the second quarter,...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus