Portugal Unemployed Persons - Forecast

Unemployed Persons in Portugal is expected to be 320.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in Portugal to stand at 275.00 in 12 months time. In the long-term, the Portugal Unemployed Persons is projected to trend around 260.00 Thousand in 2020, according to our econometric models.


Forecast Data Chart
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Portugal Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 6.7 6.9 7.2 6.4 6.1 6
Employed Persons 4826 4890 4910 4920 4940 4990
Unemployed Persons 345 320 300 285 275 260
Part Time Employment 507 560 570 575 580 600
Full Time Employment 4367 4380 4400 4420 4440 4510
Employment Rate 55.1 54.8 54.9 55 55.2 55.9
Labor Force Participation Rate 59 59.8 59.9 60 60 60.1
Long Term Unemployment Rate 3.7 3.7 3.7 3.6 3.6 3.2
Youth Unemployment Rate 19.5 19.5 19.2 18.8 18.4 16.5
Labour Costs 103 107 102 97.4 98.5 108
Job Vacancies 10411 10185 16100 14300 12300 10412
Wages 1148 1250 1280 1290 1320 1410
Wage Growth 5.9 4.5 3.2 2.5 2.3 2.6
Wages in Manufacturing 120 145 109 119 108 157
Minimum Wages 677 677 700 700 700 720
Population 10.29 10.29 10.28 10.28 10.28 10.28
Retirement Age Women 66.33 66.33 66.42 66.42 66.42 66.5
Retirement Age Men 66.33 66.33 66.42 66.42 66.42 66.5
Unemployment Change 7560 -3700 -12100 -20500 -6600 -3200
Wages Low Skilled 615 650 700 700 700 750
Wages High Skilled 1360 1450 1500 1500 1500 1650
Productivity 102 103 99.7 104 110 104
Living Wage Family 870 890 1150 1150 1150 1205
Living Wage Individual 595 650 700 700 700 850
Employment Change -0.3 0.7 0.6 0.5 0.5 0.5