Portugal - Unemployment below 8% for first time in decade - May 31, 2018

 The unemployment is below 8% for the first time in a decade, with prospects of a further reduce of unemployment. Additional data from the National Office of Statistics (INE) indicate that not only are workers becoming increasingly in demand, but that wages are also at an all-time high. The INE revealed that by the end of 2017, the number of workers earning 3,000 euro after deductions had climbed to its highest figure on record, with 37,500 workers falling in this category. Not only high-income earners are benefitting; the number of workers cashing monthly wages below 600 euro is at a new low, while the average take-home pay has risen above inflation to 876 euro a month. In the level beyond the minimum, there was a substantial increase (18.4%) of workers earning a monthly wage between 1,800 and 2,500 euro.

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For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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