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Portugal's unemployment rises to 11 pct in August

Xinhua, September 30, 2016 Adjust font size:

Portugal's unemployment rate rose to 11 percent in August, the country's National Institute of Statistics revealed on Thursday, up from 10.9 percent of the previous month.

However, the unemployment rate has improved since August 2015 when the figure stood at 12.3 percent, according to an official statement.

The figures for July were revised down from 11.1 percent to 10.9 percent, according to the note.

The monthly increase in August was due to a rise in the unemployed population and a decrease in the employed population.

The unemployment figures for men were the same as for women, while youth unemployment increased 0.7 percentage points compared to the previous month and stood at 27.9 percent.

Portugal's ruling Socialist Party has been rolling back the austerity measures of the previous administration, and the country's unemployment target, as set in its stability program, is 11.4 percent for this year. Endit