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Investing.com -- Portugal’s monthly unemployment rate decreased to 5.8% in July, down from a revised 6.1% in June, the National Statistics Institute (INE) reported Friday in its flash estimate.
The July figure also shows improvement compared to the same month last year, when unemployment stood at 6.5%.
According to the INE data, the labor underutilization rate reached 10.0% in July, representing a decline of 0.3 percentage points from June.
Youth unemployment, which covers individuals aged 16 to 24, remained stable at 18.9% in July, unchanged from June.
This rate shows significant improvement from July last year, when youth unemployment was recorded at 21.2%.
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