Portuguese unemployment rate drops

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Xinhua, Lisbon :
Portugal’s unemployment rate dropped the most among Eurozone countries, according to Eurostat data released Friday.
The debt-laden country’s unemployment rate dropped from 16.3 percent in July 2013 to 14 percent in July this year.
According to the figures, in the space of a year the number of unemployed people dropped by 125,000.
These figures were released just a day after the government said that the unemployment rate is expected to fall from 17.7 percent to 14.2 percent by the end of this year.
However, Portugal’s unemployment rate is still overly high, comparing with the average unemployment rate in the Eurozone of 11. 5 percent.

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