Youth unemployment falls 0.3% in July and reaches second lowest level

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Youth unemployment fell 0.3% in July compared to the previous month, to 27,609, the second lowest figure ever, but total unemployment rose 2.4%, according to data from the Institute for Employment and Vocational Training (IEFP) released today.

“In July, youth unemployment fell (-0.3%) compared to the previous month, reaching the second lowest level ever (27,609 young people registered with the IEFP), only surpassed by the figure for July 2022, when the historical low in youth unemployment was reached,” the institute said in a statement today.

In turn, total unemployment rose by 2.4% compared to June, to 284,330 people.

However, this is the second lowest figure for the month since records began.

In July, long-term unemployment rose by 2.5% compared to the previous month, but fell by 13.5% year-on-year.

Iris Lavan
Iris Lavanhttps://irislavan.com/en/
With a background as a consultant in the medical industry, Iris Lavan brings a wealth of knowledge and expertise to Portugal Pulse. Iris also runs a company in Tel Aviv offering marketing, business development, content creation and public relations services. She holds a degree in economics and management, giving her a solid grounding in business strategy and financial planning. Iris' commitment to Portugal Pulse is reflected not only in her consulting career, but also in her impact on the Portugale media landscape in Israel. She was an interviewer for Hadshot Portugal חדשות פורטוגל, a media outlet that broadcasts news about Portugal in Hebrew, where she provided valuable information on current affairs, healthcare and the economy. Since July 2023, Iris has also been part of the Portugal Pulse team.

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