Unemployment stable at 5.7% in July

Portugal ended the month of July with 320,000 people unemployed, with the unemployment rate remaining at 5.7%, the same value recorded in June. The National Statistics Institute is the entity responsible for releasing this data on the Portuguese labour market. When compared to the same period last year, the unemployment rate shows a slight decrease, indicating marginal improvement compared to July 2023. This monthly stability comes in a context where the Portuguese labour market has been showing signs of resilience, although the absolute number of unemployed people remains high.