Portugal Long Term Unemployment Rate - Forecast

Long Term Unemployment Rate in Portugal is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Portugal to stand at 3.60 in 12 months time. In the long-term, the Portugal Long Term Unemployment Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.


Portugal Long Term Unemployment Rate
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Portugal Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 7.9 7.3 7.6 7.5 7.4 6.5
Employed Persons 4799 4850 4890 4910 4920 4990
Unemployed Persons 364 375 370 368 365 355
Part Time Employment 517 550 560 570 575 600
Full Time Employment 4290 4360 4380 4400 4420 4510
Employment Rate 54.3 54.7 54.8 54.9 55 55.9
Labor Force Participation Rate 58.9 59.7 59.8 59.9 60 60.1
Long Term Unemployment Rate 3.8 3.8 3.8 3.8 3.6 3.2
Youth Unemployment Rate 20.8 20.8 20.6 20.2 20 19
Labour Costs 95.5 96.7 107 102 97.4 108
Job Vacancies 12857 12100 10185 16100 14300 10412
Wages 1145 1240 1250 1280 1290 1410
Wage Growth 5.6 3.8 2.5 2.2 2.3 2.7
Wages in Manufacturing 108 105 145 109 119 157
Minimum Wages 677 677 677 700 700 720
Population 10.29 10.29 10.29 10.28 10.28 10.28
Retirement Age Women 66.33 66.33 66.33 66.42 66.42 66.5
Retirement Age Men 66.33 66.33 66.33 66.42 66.42 66.5
Unemployment Change -17321 -7500 -3700 -12100 -20500 -3200
Wages Low Skilled 615 650 650 700 700 750
Wages High Skilled 1360 1450 1450 1500 1500 1650
Productivity 98.8 110 103 99.7 104 104
Living Wage Family 870 890 890 1150 1150 1205
Living Wage Individual 595 650 650 700 700 850
Employment Change 1 0.6 0.7 0.6 0.5 0.5