The unemployment rate in Portugal fell to 6.1 percent in the third quarter of 2021, from 6.7 percent in the previous period. It was the lowest jobless rate since the June quarter of 2020, as the number of unemployed dropped by 7.8 percent to 318.7 thousand people and employment increased by 1.4 percent to 4.88 million. Similarly, the labor underutilization rate edged down to 11.9 percent from 12.3 percent, as the number of inactive persons available to work but not seeking a job decreased. source: Statistics Portugal
Unemployment Rate in Portugal averaged 7.85 percent from 1983 until 2021, reaching an all time high of 18.50 percent in the first quarter of 2013 and a record low of 3.70 percent in the second quarter of 2000. This page provides - Portugal Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Unemployment Rate in Portugal is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Unemployment Rate is projected to trend around 6.50 percent in 2022 and 6.20 percent in 2023, according to our econometric models.