“In October 2023, the unemployment rate stood at 6.7%, representing the highest value since March 2023 (6.8%), while the inactivity rate (31.3%) stood at just one-tenth above that observed in the previous month (31.2% in September 2023)”, indicate the provisional estimates from the National Statistics Institute (INE).

The data released by the statistical institute, with definitive estimates for September, see the unemployment rate for that month rising to 6.6%, compared to the 6.5% initially predicted.