Portugal’s unemployment rate held steady at a record-low 5.6% in January 2026. The adult unemployment rate remained at 4.7%, the lowest since April 2002, while youth unemployment declined 0.4 percentage points to 18.2%, the lowest since April 2023. The total number of unemployed edged up by 900 to 315,000, while total employment fell by 14,400 to 5.301 million. Despite this, the employment rate remained at an all-time high of 65.8%, and the labor force participation rate stayed near its historical peak at 69.7%. Meanwhile, the labor underutilization rate, which includes the unemployed, marginally attached workers, and part-time workers seeking full-time positions, edged down to 9.6% in January from 9.7% in December. source: Statistics Portugal
Unemployment Rate in Portugal remained unchanged at 5.60 percent in January. Unemployment Rate in Portugal averaged 9.09 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 March of 2026.
Unemployment Rate in Portugal remained unchanged at 5.60 percent in January. Unemployment Rate in Portugal is expected to be 5.60 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 6.30 percent in 2027 and 6.40 percent in 2028, according to our econometric models.