News

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.
Published on 2021-05-12

Portugal Jobless Rate Falls in Q4
The unemployment rate in Portugal dropped to 7.1 percent in the fourth quarter of 2020, from a two-and-a-half-year high of 7.8 percent in the previous period. The number of unemployed fell by 7.7 percent to 373.2 thousand, after posting the biggest increase since at least 2011 in the previous three-month period as many people moved from inactive to unemployed after the easing of lockdown restrictions. Employment rose at a slower 1.2 percent to 4.86 million and those inactive declined 0.4 percent to 3.69 million
Published on 2021-02-10

Portugal Jobless Rate at 2-1/2-Year High
The unemployment rate in Portugal jumped to 7.8 percent in the third quarter of 2020 from 5.6 percent in the previous period. It is the highest jobless rate since the first three months of 2018 as the number of unemployed jumped by 45.1 percent to 404.1 thousand, the biggest increase since at least 2011, as many people moved from inactive to unemployed after the easing of lockdown restrictions. Employment rose at a slower 1.5 percent to 4.8 million and those inactive fell 4.8 percent to 3.7 million.
Published on 2020-11-04

Portugal Jobless Rate at Over 17-Year Low as Fewer People Look for Work
The unemployment rate in Portugal fell to 5.6 percent in the second quarter of 2020 from 6.7 percent in the previous three-month period. It was the lowest jobless rate since the third quarter of 2002, as the number of inactive people rose the most on record due to the coronavirus crisis. The number of unemployed dropped by 20 percent from the previous quarter to 278.4 thousand and employment declined by 2.8 percent to 4.73 million, of which 680.1 thousand people were absent from work, an increase of about ten times more people than in the previous quarter. Youth unemployment rate, measuring job-seekers between 20 and 24 years old, went up to 19.9 percent from 19.7 percent in the prior period.
Published on 2020-08-05

Portugal Jobless Rate Flat as Fewer People Look for Work
The unemployment rate in Portugal was unchanged at 6.7 percent in the first quarter of 2020, as the number of inactive people increased the most in nine years due to the coronavirus crisis. The number of unemployed fell by 1.2 percent from the previous quarter to 348.1 thousand while employment went down by 0.9 percent to 4.87 million, of which 452.1 thousand people were absent from work, an increase of 33 percent from the previous quarter. Youth unemployment rate, measuring job-seekers between 20 and 24 years old, increased to 19.7 percent from 19.5 percent in the prior period.
Published on 2020-05-06

Portugal Jobless Rate Rises to 6.7% in Q4
The unemployment rate in Portugal rose to 6.7 percent in the fourth quarter of 2019 from 6.1 percent in the previous three-month period, which was the lowest since the third quarter of 2003. The number of unemployed rose by 1.5 percent from the previous quarter to 678.0 thousand while employment went down by 0.8 percent to 4.91 million. Youth unemployment rate, measuring job-seekers between 20 and 24 years old, dropped to 11.8 percent from 13.5 percent in the prior period. A year ago, unemployment was also at 6.7 percent.
Published on 2020-02-05

Portugal Jobless Rate Lowest Since 2003
The unemployment rate in Portugal dropped to 6.1 percent in the third quarter of 2019 from 6.3 percent in the previous three-month period and below last year's 6.7 percent. It was the lowest jobless rate since the third quarter of 2003, as the number of unemployed declined by 1.5 percent from the previous quarter to 323.4 thousand and employment rose 0.9 percent to 4.95 million. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 17.9 percent from 18.1 percent in the previous period. The activity rate edged up 0.3 p.p. to 59.5 percent and the employment rate rose 0.3 p.p. to 55.8 percent.
Published on 2019-11-06

Portugal Jobless Rate at 15-Year Low
The unemployment rate in Portugal dropped to 6.3 percent in the second quarter of 2019 from 6.8 percent in the previous three-month period and below last year's 6.7 percent. It was the lowest jobless rate since the second quarter of 2004, as the number of unemployed declined by 7.1 percent from the previous quarter to 328.5 thousand and employment rose 0.7 percent to 4.92 million. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 18.1 percent from an eight-year low of 17.6 percent. The activity rate edged up 0.1 p.p. to 59.2 percent and the employment rate rose 0.4 p.p. to 55.5 percent.
Published on 2019-08-07

Portugal Jobless Rate Edges Up to 6.8% in Q1
The unemployment rate in Portugal came in at 6.8 percent in the first quarter of 2019, little-changed from the previous period's 14-year low of 6.7 percent and well below last year's 7.9 percent. The number of unemployed rose 1.3 percent from the previous three-month period to 353.6 thousand and employment edged down 0.1 percent to 4.88 million. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 17.6 percent in the first quarter, the lowest reading since comparable records began in 2011. The activity rate was unchanged at 59.1 percent and the employment rate stood at 55.1 percent.
Published on 2019-05-08

Portugal Jobless Rate Holds Steady at Near 14-Year Low
The unemployment rate in Portugal was unchanged at a near 14-year low of 6.7 percent in the fourth quarter of 2018 and was 1.4 percentage points below last year's 8.1 percent. The number of unemployed fell 1 percent from the previous three-month period to 349.1 thousand and employment declined 0.4 percent to 4.88 million. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, edged down to 19.9 percent in the fourth quarter from 20 percent in the previous period. The activity rate decreased 0.3 percentage points to 59.1 percent and the employment rate dropped by the same amount to 55.1 percent.
Published on 2019-02-06

Portugal Q3 Jobless Rate Unchanged at 14-Year Low
Portugal's unemployment rate stood at 6.7 percent in the third quarter of 2018, unchanged from the previous period's 14-year low. The number of unemployed was flat at 352.7 thousand while the number of employed increased by 0.6 percent to 4.90 million, pushing up the employment rate to 55.4 percent from 55.1 percent and the labour force participation rate to 59.4 percent from 59 percent. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 20 percent in the third quarter from 19.4 percent in the previous three-month period.
Published on 2018-11-07

Portugal Q2 Jobless Rate at 6.7%, Lowest Since 2004
The Portuguese unemployment rate fell to 6.7 percent in the second quarter of 2018 from 7.9 percent in the previous period and 8.8 percent in the same quarter of 2017. It was the lowest jobless rate since the second quarter of 2004 (6.3%), as the number of unemployed decreased by 58.3 thousand from the previous period to 351.8 thousand and the number of employed rose by 67.4 thousand to 4.87 million. Among genders, the jobless rate was lower for men (6.4% vs 7.6% in Q1) than for women (7.1% vs 8.1%). Also, youth unemployment rate of those aged 15 to 24 fell to an estimated 19.4 percent in Q2, the lowest level since mid-2009, from 21.9 percent in Q1 and 22.7 percent in the second quarter of 2017. Compared to a year ago, unemployment went down by 109.6 thousand and employment increased by 113.7 thousand.
Published on 2018-08-08

Portugal Q1 Jobless Rate Falls to Lowest Since 2008
The Portuguese unemployment rate fell to 7.9 percent in the first quarter of 2018 from 8.1 percent in the previous period and 10.1 percent in the same quarter of 2017. It was the lowest jobless rate since the third quarter of 2008 (7.6 percent), as the number of unemployed declined by 11.6 thousand from the previous period to 410.1 thousand while the number of employed increased by 1.8 thousand to 4.81 million. Among genders, the jobless rate for women fell to 8.1 percent from 8.4 percent and it edged down for men to 7.6 percent from 7.7 percent. Also, youth unemployment rate decreased further to 21.9 percent, the lowest rate since 2011, compared to 23.5 percent in the fourth quarter and 25.1 percent in the first quarter of 2017. Compared to a year, unemployment went down by 113.8 thousand and employment increased by 148.6 thousand.
Published on 2018-05-09

Portuguese Jobless Rate Drops to 9-Year Low
The Portuguese unemployment rate fell to 8.1 percent in the fourth quarter of 2017 from 8.5 percent in the previous period and 10.5 percent in the same quarter of 2016. It was the lowest jobless rate since the fourth quarter of 2008, as the number of unemployed declined by 22 thousand from the previous period to 422.0 thousand while the number of employed increased by 1.9 thousand to 4.80 million. Compared to a year earlier, unemployment went down by 121.2 thousand and employment increased by 161.3 thousand. Meanwhile, youth unemployment rate fell to 23.5 percent from 24.2 percent in the third quarter. In 2017, the unemployment rate was 8.9 percent, a decrease of 2.2 p.p. from 2016; and the young people unemployment rate stood at 23.9 percent, down 4.1 p.p. from the previous year.
Published on 2018-02-07

Portuguese Jobless Rate Falls to Near 9-Year Low in Q3
Portuguese unemployment rate fell to 8.5 percent in the third quarter of 2017 from 8.8 percent in the previous period and 10.5 percent in the same quarter of 2016. It was the lowest jobless rate since the fourth quarter of 2008, as the number of unemployed declined by 17.4 thousand from the previous period to 444.0 thousand while the number of employed increased by 42.6 thousand to 4.80 million. Compared to a year earlier, unemployment went down by 105.5 thousand and employment increased by 141.5 thousand. Meanwhile, youth unemployment rate stood at 24.2 percent, up by 1.5 percentage points from the previous period and down by 1.9 percentage points a year earlier.
Published on 2017-11-08

Portuguese Jobless Rate Falls to 8-Year Low in Q2
Portuguese unemployment rate fell to 8.8 percent in the second quarter of 2017 from 10.1 percent in the previous period and 10.8 percent in the same quarter of 2016. It was the lowest jobless rate since the first quarter of 2009, as the number of unemployed declined by 62.5 thousand from the previous period to 461.4 thousand while the number of employed increased by 102.3 thousand to 4.76 million. Compared to a year earlier, unemployment went down by 97.9 thousand and employment increased by 157.9 thousand. Also, youth unemployment rate fell to 22.7 percent, down by 2.4 percentage points from the previous period and by 4.2 percentage points a year earlier.
Published on 2017-08-09

Portugal Unemployment Rate Down To 7-Year Low Of 10.1%
The jobless rate in Portugal fell to 10.1 percent in the first three months of 2017, below 10.5 percent in the previous period and reaching the lowest rate since the last quarter of 2009. There were 523.9 thousand unemployed persons, 19.3 thousand less than in the previous quarter and employment reached 4658.1 thousand, 14.5 thousand more than in the previous period . It is the first increase in employment for a first quarter since the series began in 2011. The labour force reached 5182 thousand, down by 4.8 thousand quarter-on-quarter. Compared to a year earlier, unemployment went down by 116.3 thousand; employment increased by 144.8 thousand and the labour force rose by 28.6 thousand. Youth unemployment rate fell to 25.1 percent, down by 2.6 pp from the previous period and by 5.9 pp a year earlier.
Published on 2017-05-10

Portuguese Unemployment Rate Steady At 7-Year Low
Portuguese jobless rate came in at 10.5 percent in the fourth quarter of 2016, unchanged from the previous period's seven-year low and down from 12.2 percent a year earlier. The number of unemployed fell 1.2 percent on quarter to 543.2 thousand and the employment level declined 0.4 percent to 4.64 million people. Also, the total workforce fell to 5.19 million from 5.21 million people in the previous period. Meanwhile, youth unemployment rate rose 1.6 percentage points to 27.7 percent. The average annual jobless rate in 2016 was recorded at 11.1 percent compared with 12.4 percent in 2015, as the number of unemployed dropped 11.4 percent while employed population increased 1.2 percent.
Published on 2017-02-08

Portuguese Jobless Rate Falls to Nearly 7-Year Low in Q3
Portuguese unemployment rate declined to 10.5 percent in the third quarter of 2016 from 10.8 percent in the previous period. It was the lowest level since the last quarter of 2009, as the number of unemployed fell 1.8 percent while employment rose 1.3 percent. A year ago the unemployment rate was recorded at 11.9 percent.
Published on 2016-11-09

Portuguese Jobless Rate Falls to 6-Year Low in Q2
Portuguese unemployment rate fell to 10.8 percent in the second quarter of 2016 from 12.4 percent in the previous period. It was the lowest reading since the second quarter of 2010, as the number of unemployed fell 12.6 percent while employment rose 2 percent. A year ago the unemployment rate was recorded at 11.9 percent.
Published on 2016-08-10