Portugal's jobless rate remained unchanged in the second quarter from the previous quarter, a report by the Statistics Portugal showed on Tuesday.
The jobless rate was 10.6% in the second quarter, same as in the previous quarter. A year earlier, the jobless rate was 9.1%.
The number of unemployed persons totaled 589.8 thousand persons in the first quarter, smaller than the 592.2 thousand persons in the previous quarter. The number of unemployment decreased 0.4% compared to the previous quarter and increased 16.2% over a year ago.
The labor force participation rate was 52.5% in the second quarter, down from 52.7% in the first quarter. The labor force totaled 5.58 million persons.
Portuguese labor cost growth slowed in the second quarter from the previous year. The labor cost index, excluding public administration, rose 1.2% annually in the second quarter, but slower than a 4.2% growth in the previous year. The average costs of labor increased 1.6% and number of hours worked grew 0.3%.
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