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Portugal, record unemployment: 16,9%

According to official statistics published today by the National Statistical Institute of Lisbon, the rate has proved to be particularly worrying among young people: 40% are out of work.

Portugal, record unemployment: 16,9%

Record unemployment in Portugal: in the fourth quarter of 2012 it reached 16,9%, a marked increase compared to 15,8% in the previous quarter.

According to the official statistics published today by the National Statistical Institute of Lisbon, the rate has proved to be particularly worrying among young people: 40% are unemployed, up from 39% three months earlier. “We are concerned,” Prime Minister Pedro Passos Coelho said.

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