Portugal jobless rate unchanged at 6.1% in October – flash estimate

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FILE PHOTO: A woman walks past a wall with graffiti saying "We demand our wages" in Alhos Vedros, Portugal

(Reuters) – Portugal’s monthly unemployment rate remained unchanged at 6.1% from the previous month, the National Statistics Institute (INE) said in its flash estimate on Wednesday.

The labour underutilisation rate slightly rose to 11.4% from revised 11.3% in the previous month.

The youth unemployment rate (16 to 24 years old) fell to 17.6% in October, from revised 18.7% in the previous month and from 22.1% a year ago.

(This story has been corrected to fix the second paragraph to say labour underutilisation slightly rose and did not remain the same as previously stated)

(Reporting by Jakub Olesiuk; Editing by Sergio Goncalves and Catarina Demony)

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