According to the autumn economic forecasts, Portugal is one of the five Member States that saw the unemployment rate increase in the second quarter of 2022, compared to the previous one, estimating a rate of 5.9% for this year, which remains stable in 2023 and is expected to drop to 5.7% in 2024.
The European Commission's estimate of the unemployment rate is less optimistic than the one presented by the executive in the State Budget proposal for 2023, which estimates a rate of 5.6%.
In view of the summer macroeconomic forecasts, released in July, unemployment was revised up by 0.2 percentage points.
5.9% unemployment rate predicted
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