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.

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Portugal Unemployment Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-11 10:00 AM Q2 6.7% 7.1% 6.7%
2021-11-10 11:00 AM Q3 6.1% 6.7% 6.9%
2022-02-10 11:00 AM Q4


Related Last Previous Unit Reference
Unemployment Rate 6.10 6.70 percent Sep/21
Employed Persons 4826.30 4814.30 Thousand Sep/21
Unemployed Persons 331.80 318.70 Thousand Sep/21
Part Time Employment 378.00 364.00 Thousand Sep/21
Full Time Employment 4500.10 4446.50 Thousand Sep/21
Employment Rate 56.10 55.30 percent Sep/21
Labor Force Participation Rate 59.70 59.30 percent Sep/21
Wages in Manufacturing 112.03 129.58 points Sep/21
Wage Growth 4.00 8.80 percent Jul/21

News Stream
Portugal Jobless Rate at 1-1/4-Year Low
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.
2021-11-10
Portugal Jobless Rate Falls to 1-Year Low
The unemployment rate in Portugal edged lower to 6.7 percent in the second quarter of 2021, from 7.1 percent in the previous three-month period. It was the lowest rate in a year as the number of unemployed fell by 4.0 percent to 345.7 thousand and employment increased by 2.8 percent to 4.81 million. Similarly, the labor underutilization rate dropped to 12.3 percent from 14.1 percent, as the number of inactive persons available to work but not seeking a job decreased.
2021-08-11
Portugal Jobless Rate Falls to 7.1% in Q1
The unemployment rate in Portugal edged lower to 7.1 percent in the first quarter of 2021, from an upwardly revised 7.3 percent in the previous three-month period, as the number of unemployed fell by 3.5 percent to 360.1 thousand and employment declined at a slower 1.0 percent to 4.68 million. The employed population absent from work increased by 49.8 percent, or 211.3 thousand, from the previous quarter, mainly due to contract temporary suspension and layoff. As a consequence, the volume of hours actually worked decreased by 6.4 percent. The inactive population aged 16 and over increased by 1.4 percent to 3.75 million. Compared with the same period of 2020, unemployment rose by 3.5 percent and the inactive population advanced by 1.5 percent, while employment was down 1.3 percent.
2021-05-12

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.