Wednesday 12 October 2011

Portugal remains one of the OECD countries with the highest unemployment rate

According to the latest OECD figures, updated until August 2011, the 12,3% unemployment rate in Portugal is only overcome by 5 countries. In particular, by Estonia (12,8% in June), Slovakia (13,4%), Ireland (14,6%), Greece (16,7%, in June) and Spain (where, contrarily to the trend, unemployed people keep on growing and they currently amount to 21,2% of the labour force).

The average unemployment rate for the aggregate OECD group was kept unchanged in August, at 8,2%, sligthly smaller than the Euro-area and US' numbers, 10% and 9,1% respectively.

More information here.

Source: Labour Force Statistics

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