The unemployment rate in Portugal was 6.2% in January 2025. years, which is the lowest level of October 2022. years.
According to temporary estimates of the Portugal Statistical Office, the unemployment rate fell from 6.4% in December 2024. at 6.2% in January 2025. Years. Unemployment rate gradually decreases since November last year.
This rate is slightly higher than the EU average. According to the latest Eurostat data, the eurozone unemployment rate was 6.3% in December, and in the European Union 5.9%.
In January 2025. year, the number of employees, estimated at 5,167 million, reached the highest value from the beginning of the data series in February 1998. years.
For the same month, the unemployment rate among women was 6.5%, which is greater than the unemployment rate among men (6%).
Youth unemployment rate, which refers to job seekers aged 16 to 24, fell to 19.5%, with 20.4% in December 2024. year, which reached the lowest level since June 2023. year (18.7%).
The employment rate gently increased to 64.6%, from the previous 64.5%.
The Portugal Economy has recently implemented labor market measures, including a new program to support migrants in October, and has accelerated the process of issuing the work visas, with the aim of issuing permits within 30 days. The decision of Portugal to simplify the process of issuing work visas, with the aim of permits to be issued within 30 days or less, should transform the labor market and attract foreign workers to fill in the market empties. The government has also proposed tax breaks for people under 35 years.
The Portuguese economy is one of the most promising growth engines in the eurozone, together with Spain, which last year was the fastest growing great economy in the world.
The smaller Iberian country recorded a stable growth over the past year, encouraged by consumption and investment. GDP increased by 2.8% compared to the same period last year in the last quarter of 2024. years.
According to Oxford Economics, these two countries will continue to be clear leaders within the combat eurozone in 2025. years.
(Vijesti.ba)
