Portugal unemployment slips to 7.8pc in February

LISBON: Portugal's monthly unemployment rate slipped to 7.8 percent in February from 7.9 percent the previous month, provisional data from the National Statistics Institute showed on Tuesday.

The jobless rate compares to 9.9 percent in February 2017. Unemployment is currently at its lowest since 2004, boosted by strong economic growth.

The youth unemployment rate of those aged 15 to 24 fell to 21.4 percent in February from 21.5 percent in January and from 24.2 percent a year earlier.

The total number of unemployed fell to 406,800 people in February from 409,400 in January, while the total workforce stood at over 5.16 million, practically unchanged from the previous month.