The unemployment rate in Portugal fell to 5.9 percent in the first quarter of 2022, down from 6.3 percent in the previous period. It was the lowest jobless rate since the September quarter of 2002. The number of unemployed dropped by 6.7 percent on quarter to 308.4 thousand people and employment increased by 0.4 percent to 4.9 million. Similarly, the labor underutilization rate edged down to 11.5 percent from 11.7 percent, as the number of inactive persons available to work but not seeking a job decreased. source: Statistics Portugal
Unemployment Rate in Portugal averaged 7.83 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 June of 2022.
Unemployment Rate in Portugal is expected to be 6.70 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 6.20 percent in 2023, according to our econometric models.