LISBON: Portugal's unemployment rate fell to 12.1 percent in July from 12.3 percent in June, data from the National Statistics Institute (INE) showed on Monday.

The unemployment level in June was revised lower from 12.4 percent. In July 2014 unemployment stood at 14.1 percent.

According to the monthly unemployment data introduced by INE last year, the youth unemployment rate of those aged 15 to 24 fell to 31.0 percent from 31.6 percent.

The total number of unemployed fell to 624,900 people in July from 629,600 in June, INE said.

Copyright Reuters, 2015