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.