Paulo Portas believes that increased investment will reduce rate … – Jornal de Negócios – Portugal

The Deputy Prime Minister Paulo Portas said today that the fall in the unemployment rate in Portugal “is a positive trend” and believes that increased investment will create jobs.
 
 

Paulo Portas, who spoke at the ‘Cash 2020 – Services, Commerce and Restoration’ in Estoril, noted that the country “has come to have an unemployment rate 17.7% “which is now” around 13% “.

Now,” viewed from the side of people who are still at around 13%, the indicator macro [a decline in the unemployment rate ] did not affect their lives, in their families or in their daily lives, “said the governor.

However, the government official considered that the positive trend of investment will be able to give the Portuguese a” horizon the greatest hope from the perspective of building a society with job opportunities. ” But “new jobs” are not even return to the jobs that our fathers have known, “he said.

Paulo Portas believes that with the resumption of investment in Portugal, employment will rise up because this indicator “grew four times” between 2013 and 2014, rising from 2.2 billion to EUR 8 800 million.

The unemployment rate fell to 13.2% in May, year on year, but up 0.4 percentage points over the final estimate for April, settling at 12.8%, according to the monthly estimate released today by the INE.

According to the National Institute of Statistics (INE), the flash estimate of unemployed for May is 676,800 people, an increase of 2.9% over the final value obtained for April (over 19,100 people).

“In May 2015, the provisional estimate of the unemployment rate was 13.2%, which translates into an increase of 0.4 percentage points from the previous month, which contributed to the increase in unemployed and . the decrease of the employed population, “reads the document INE

In May, the unemployed population increased in all groups: men (5.3%; 17 200), adults (2.1%; 11,400), young people (6.6%, 7700) and women (0.6%;. 1900)

This month, the female unemployment rate (13.3%) exceeded that of men (13.2%) by 0.1 percentage points, but both increased compared with April (0.1 percentage points and 0.7 percentage points, respectively).

The unemployment rate among young people stood at 33.3%, increasing 1.6 percentage points from the previous month, and the unemployment rate of adults stood by 11.6% and increased 0.2 percentage points from the previous month.