Both in Portugal and throughout the European Union and the Eurozone, July was synonymous with stability in the job market. Unemployment rates do not change either here, in the community bloc or in the single currency area, with Portuguese unemployment remaining below the average of countries that have the euro, but above that seen in the EU.
“In July 2023, the Eurozone unemployment rate was 6.4%, stable compared to June 2023 and below the 6% recorded in July 2022. The unemployment rate in the EU was 5.9%, also stable compared to June 2023 and below the 6.1% recorded in July 2022”, highlights Eurostat.
Also here, in the seventh month of the year, the unemployment rate did not change compared to the previous month, remaining at 6.3%. This value is, however, higher than that seen a year ago.
In comparison with the single currency space and the community bloc, Portugal remained below the average for the first, but above the average for the second, similar to what had already been happening in previous months.
On the other hand, among the various Member States, Spain continues to be the country with the most serious unemployment. In July, it registered a rate of 11.6%, still 0.1 percentage points lower than the previous month.
On the other side of the table appears Malta, where the unemployment rate was 2.5% in July, identical to that recorded in the previous month.