According to data from INE (National Institute of Statistics), the unemployment rate in November was 6.4%, a higher value compared to October and August 2022 (0.4 p.p. in relation to both periods) and November 2021 (0.2 p.p.). The employed population (4,886.8 thousand) decreased in relation to the previous month (0.4%) and three months before (0.3%), but increased relative to one year before (0.3%). On the other hand, the unemployed population (331.6 thousand) increased in relation to the previous month (5.9%), three months before (6.7%), and the same month in the previous year (3.2%), according to the INE report.
News Higher Unemployment in Portugal
Higher Unemployment in Portugal