The number of people registered as unemployed in Portugal increased by 5,942, or 2 percent, to 305.96 thousand in November 2019 from 300.02 thousand in the previous month. Unemployment Change in Portugal averaged -478.42 from 2003 until 2019, reaching an all time high of 35638 in January of 2010 and a record low of -31613 in May of 2014.

Unemployment Change in Portugal is expected to be -7800.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Change in Portugal to stand at -2600.00 in 12 months time. In the long-term, the Portugal Registered Unemployment Change is projected to trend around -1800.00 in 2020, according to our econometric models.


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Portugal Registered Unemployment Change

Actual Previous Highest Lowest Dates Unit Frequency
5942.00 -1263.00 35638.00 -31613.00 2003 - 2019 Monthly
NSA


Portugal Registered Unemployment Change
In Portugal, unemployment change measures the change in the number of registered unemployed compared to the previous month.

Portugal Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.10 6.30 17.50 3.70 percent [+]
Employed Persons 4840.60 4869.40 5007.40 4215.20 Thousand [+]
Unemployed Persons 351.60 343.60 927.70 174.60 Thousand [+]
Part Time Employment 490.30 518.70 678.90 490.30 Thousand [+]
Full Time Employment 4457.50 4398.00 4516.50 3725.70 Thousand [+]
Employment Rate 55.80 55.50 59.20 48.80 percent [+]
Labor Force Participation Rate 59.50 59.20 62.50 58.10 percent [+]
Long Term Unemployment Rate 2.80 2.90 9.40 1.40 percent [+]
Youth Unemployment Rate 19.00 18.30 41.40 11.10 percent [+]
Labour Costs 97.80 103.90 112.50 63.20 points [+]
Job Vacancies 9020.00 11013.00 17645.00 1083.00 [+]
Wages 1188.06 1170.63 1188.06 809.34 EUR/Month [+]
Wages in Manufacturing 139.97 107.45 146.86 85.00 points [+]
Wage Growth 3.30 6.10 8.50 -10.10 percent [+]
Minimum Wages 700.00 700.00 700.00 356.72 EUR/Month [+]
Population 10.29 10.31 10.57 8.62 Million [+]
Retirement Age Women 66.42 66.33 66.42 65.00 [+]
Retirement Age Men 66.42 66.33 66.42 65.00 [+]
Unemployment Change 5942.00 -1263.00 35638.00 -31613.00 [+]
Wages Low Skilled 659.00 626.00 687.00 626.00 EUR/Month [+]
Wages High Skilled 1430.00 1340.00 1430.00 1340.00 EUR/Month [+]
Productivity 111.70 102.80 111.70 78.00 points [+]
Living Wage Family 990.00 960.00 990.00 800.00 EUR/Month [+]
Living Wage Individual 670.00 650.00 670.00 505.00 EUR/Month [+]
Employment Change 0.30 -0.30 1.30 -3.00 percent [+]