Portugal’s Jobless Rate Drops to Lowest in More Than Four Years

Portugal’s quarterly unemployment rate dropped to the lowest in more than four years as the country’s economy shows signs of recovery.

The jobless rate fell to 11.9 percent in the three months through June from 13.7 percent in the first quarter, the Lisbon-based National Statistics Institute said on its website Wednesday. It is the lowest quarterly reading since the end of 2010.

The number of jobless workers in agriculture, forestry and fishing fell 47 percent from the previous quarter while the unemployed in services dropped 14.6 percent. The number of people seeking their first job fell 8.7 percent. Youth unemployment was at 29.8 percent in the second quarter.

The government on April 16 raised its growth forecast for 2015 and said it sees the economy accelerating in the following two years. Gross domestic product will expand 1.6 percent this year, according to the government. The economy grew 0.9 percent in 2014, after contracting in the previous three years.

Unemployment is forecast to fall to 13.2 percent in 2015, according to the government.

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