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Mixed news on unemployment in Portugal


Mixed news on unemployment in Portugal


Portugal’s jobless rate fell for the third consecutive quarter at the end of last year.

It was 15.3 percent of the working population, down from 15.6 percent in the previous quarter.

One year earlier it had been 16.9 percent.

The numbers are further evidence that the bailed-out economy is returning to growth.

However, the average jobless rate for all of last year rose compared to 2012.

Austerity imposed on the Lisbon government by an international bailout has been a factor in continually rising unemployment over the past two years.

It reached a record high in the first quarter of 2013, as Portugal grappled with its worst recession since the 1970s.

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