The unemployment rate in Portugal stood at 6.5 percent in the fourth quarter of 2022, the highest since Q2 2021 and up from 5.8 percent in the previous period. A year earlier, the jobless rate was lower at 6.3 percent. The unemployed population increased by 12.1 percent, or 36.9 thousand from the previous quarter, to 342.7 thousand people and increased by 3.7 percent, or 12.1 thousand from a year earlier. The employed population decreased by 0.5 percent, or 26.2 thousand from the previous quarter to 4,902.9 thousand people and increased by 0.5 percent, or 23.9 thousand from one year before. The labour underutilisation covered 633.1 thousand people, having increased by 5.0 percent , ot 30.0 thousand from the previous quarter and by 0.5 percent, or 3.0 thousand from a year before. The labour underutilisation rate has increased by 0.5 pp from the previous quarter to 11.7 percent and remained unchanged from a year earlier. source: Statistics Portugal

Unemployment Rate in Portugal averaged 7.79 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 March of 2023.

Unemployment Rate in Portugal is expected to be 6.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Portugal Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-11-09 11:00 AM Q3 5.8% 5.7% 6%
2023-02-08 11:00 AM Q4 6.5% 5.8% 6.0%
2023-05-11 10:00 AM Q1 6.5% 6.3%


Related Last Previous Unit Reference
Unemployment Rate 6.50 5.80 percent Dec 2022
Employed Persons 4872.30 4854.80 Thousand Jan 2023
Unemployed Persons 381.70 356.90 Thousand Jan 2023
Part Time Employment 386.40 362.70 Thousand Dec 2022
Full Time Employment 4516.50 4566.40 Thousand Dec 2022
Employment Rate 56.40 56.70 percent Dec 2022
Labor Force Participation Rate 60.20 59.80 percent Sep 2022
Wages in Manufacturing 124.78 167.45 points Jan 2023
Wage Growth 12.90 12.10 percent Jan 2023

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
6.50 5.80 18.50 3.70 1983 - 2022 percent Quarterly
NSA

News Stream
Portugal Jobless Rate Rises to 6.5% in Q4
The unemployment rate in Portugal stood at 6.5 percent in the fourth quarter of 2022, the highest since Q2 2021 and up from 5.8 percent in the previous period. A year earlier, the jobless rate was lower at 6.3 percent. The unemployed population increased by 12.1 percent, or 36.9 thousand from the previous quarter, to 342.7 thousand people and increased by 3.7 percent, or 12.1 thousand from a year earlier. The employed population decreased by 0.5 percent, or 26.2 thousand from the previous quarter to 4,902.9 thousand people and increased by 0.5 percent, or 23.9 thousand from one year before. The labour underutilisation covered 633.1 thousand people, having increased by 5.0 percent , ot 30.0 thousand from the previous quarter and by 0.5 percent, or 3.0 thousand from a year before. The labour underutilisation rate has increased by 0.5 pp from the previous quarter to 11.7 percent and remained unchanged from a year earlier.
2023-02-08
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