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Portugal's Unemployment Rate Rises for the First Time Since 2016

  • Bank of Portugal forecasts economy will slow for a second year
  • Socialist government will face a general election in October

Portugal’s unemployment rate rose in the three months through March, the first increase since 2016.

The unemployment rate climbed to 6.8 percent in the first quarter from 6.7 percent in the fourth quarter. It fell from 7.9 percent in the first quarter of 2018, the Lisbon-based National Statistics Institute said on its website.