The unemployment rate in Portugal was at 5.8 percent in the third quarter of 2022, up from 5.7 percent in the previous period and compared to 6.1 percent a year earlier. The unemployed population increased by 2.3 percent, or 7.0 thousand, from the previous quarter to 305.8 thousand people and decreased by 4.1 percent, or 12.9 thousand, from a year earlier. The employed population increased by 0.6 percent, or 27.3 thousand from the previous quarter to 4,929.1 thousand people and by 1 percent, or 51.0 thousand, from one year before. The labour underutilisation covered 603.1 thousand people, having increased by 0.4 percent, or 2.4 thousand, from the previous quarter and decreased by 6.1 percent, or 39.3 thousand, from a year before. The labour underutilisation rate has remained unchanged at 11.2 percent from the previous quarter and has decreased by 0.7 pp from a year earlier. source: Statistics Portugal

Unemployment Rate in Portugal averaged 7.80 percent from 1983 until 2022, 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 2022.

Unemployment Rate in Portugal is expected to be 6.50 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 6.20 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Portugal Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-10 10:00 AM Q2 5.7% 5.9% 5.8%
2022-11-09 11:00 AM Q3 5.8% 5.7% 6%


Related Last Previous Unit Reference
Unemployment Rate 5.80 5.70 percent Sep 2022
Employed Persons 4884.10 4899.80 Thousand Sep 2022
Unemployed Persons 320.40 304.50 Thousand Sep 2022
Part Time Employment 362.70 390.40 Thousand Sep 2022
Full Time Employment 4566.40 4511.40 Thousand Sep 2022
Employment Rate 56.70 56.40 percent Sep 2022
Labor Force Participation Rate 59.80 59.90 percent Jun 2022
Wages in Manufacturing 120.19 139.53 points Sep 2022
Wage Growth 10.20 8.80 percent Jul 2022

Portugal Unemployment Rate
In Portugal, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
5.80 5.70 18.50 3.70 1983 - 2022 percent Quarterly
NSA

News Stream
Portugal Unemployment Rate Up to 5.8% in Q3
The unemployment rate in Portugal was at 5.8 percent in the third quarter of 2022, up from 5.7 percent in the previous period and compared to 6.1 percent a year earlier. The unemployed population increased by 2.3 percent, or 7.0 thousand, from the previous quarter to 305.8 thousand people and decreased by 4.1 percent, or 12.9 thousand, from a year earlier. The employed population increased by 0.6 percent, or 27.3 thousand from the previous quarter to 4,929.1 thousand people and by 1 percent, or 51.0 thousand, from one year before. The labour underutilisation covered 603.1 thousand people, having increased by 0.4 percent, or 2.4 thousand, from the previous quarter and decreased by 6.1 percent, or 39.3 thousand, from a year before. The labour underutilisation rate has remained unchanged at 11.2 percent from the previous quarter and has decreased by 0.7 pp from a year earlier.
2022-11-09
Portugal Unemployment Rate Hits New Low
The unemployment rate in Portugal fell to 5.7 percent in the second quarter of 2022, down from 5.9 percent in the previous period. It was the lowest jobless rate since the September quarter of 2002. The number of unemployed dropped by 3.1 percent over the last quarter to 298.8 thousand people, while employment remained barely unchanged at 4.9 million. Similarly, the labor underutilization rate decreased to 11.2 percent from 11.5 percent, as the number of inactive persons available to work but not seeking a job dropped.
2022-08-10
Portugal Jobless Rate Lowest Since 2002
The unemployment rate in Portugal fell to 5.9 percent in the first quarter of 2022, down from 6.3 percent in the previous period. It was the lowest jobless rate since the September quarter of 2002. The number of unemployed dropped by 6.7 percent on quarter to 308.4 thousand people and employment increased by 0.4 percent to 4.9 million. Similarly, the labor underutilization rate edged down to 11.5 percent from 11.7 percent, as the number of inactive persons available to work but not seeking a job decreased.
2022-05-11