Portugal’s unemployment rate fell to 5.5% in May 2026 from 5.7% in the previous month, and compared with 6.2% a year earlier. The number of unemployed stood at 314,600, a decrease of 8,300 from the previous month. A persistent gender gap remained, with the unemployment rate for women at 6%, compared with 5.1% for men. Meanwhile, the employment rate edged up to 66.5% from 66.3% in the previous month, with the number of employed rising by 19,100 to 5.367 million. The inactivity rate declined to 29.6% from 29.7%, while the labour force increased by 10,700 to 5.681 million. The labour underutilisation rate stood at 9.4%, down from 9.7% in the previous month. source: Statistics Portugal
Unemployment Rate in Portugal decreased to 5.50 percent in May from 5.70 percent in April of 2026. Unemployment Rate in Portugal averaged 9.05 percent from 1998 until 2026, reaching an all time high of 18.30 percent in January of 2013 and a record low of 5.00 percent in November 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 July of 2026.
Unemployment Rate in Portugal decreased to 5.50 percent in May from 5.70 percent in April of 2026. Unemployment Rate in Portugal is expected to be 5.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Unemployment Rate is projected to trend around 6.00 percent in 2027 and 5.90 percent in 2028, according to our econometric models.