Unemployment rate rises to 17.7%

The registered unemployment rate in November rose to 17.7% from 17.2% in the previous month, show statistics released by the national statistical office (DZS) on Wednesday.

After going down for six months in a row, mostly owing to seasonal hiring in the tourism sector, the unemployment rate has been growing on the month since September.

However, compared to November 2014, when the unemployment rate was 19.1%, in November this year it was down 1.4 percentage points.

The growth of monthly unemployment had been expected considering that previously published DZS data had shown that the number of job-seekers in November was 3.2% higher than in October (284,600 people).

Data on the employment service's website shows that the growth of unemployment slowed down in December, with the number of job-seekers currently standing at about 284,700, about 100 more than at the end of November.

Last update: Wed, 23/12/2015 - 13:13

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