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

Reuters

(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.

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(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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