LISBON: Portugal's unemployment rate edged up in October to 13.4 percent from 13.3 percent a month earlier, the National Statistics Institute said on Thursday.

The institute said it was introducing monthly unemployment data from now on with the intention of providing more up-to-date information on the state of the labour market. Until now, unemployment data had only been released quarterly.

In the third quarter unemployment stood at 13.1 percent, according to data released at the start of November.

Copyright Reuters, 2014