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Unemployment rate drops slightly in first quarter

Underutilisation held at 12.9% and wages rose 2%, while economists said weak hiring and rising youth joblessness point to a fragile labour market.

Unemployment has eased from a decade-high through a mix of more jobs being added and a rise in the number of people not chasing work.

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The unemployment rate was set at 6.1% in the first quarter, less 0.5 percentage points than in the same period of 2025, but 0.3 percentage points above the previous quarter, released the INE on Wednesday.

The unemployment rate was estimated at 6.1%, higher by 0.3 p.p. than in the previous quarter and lower by 0.5 p.p. compared to the same quarter of the previous year, released the INE this Wednesday.

·Portugal
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ZB broke the news on Tuesday, May 5, 2026.
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