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Investing.com -- Portugal witnessed a slight decrease in its monthly unemployment rate in April, as reported by the National Statistics Institute (INE) on Monday.
The rate fell to 6.3% from a revised 6.4% in the preceding month of March.
Alongside this, the country also saw a drop in the labour underutilisation rate, which was recorded at 10.6%, a reduction of 0.2 percentage points from March.
Further, there was a noticeable decrease in the youth unemployment rate for individuals aged between 16 and 24.
The rate slipped to 19.7% in April, down from 20.4% in March. This is also lower than the 22.2% that was registered a year prior, according to the data from INE.
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