Portugal Youth Unemployment Rate - Forecast

Youth Unemployment Rate in Portugal is expected to be 21.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Portugal to stand at 20.20 in 12 months time. In the long-term, the Portugal Youth Unemployment Rate is projected to trend around 19.00 percent in 2020, according to our econometric models.


Portugal Youth Unemployment Rate
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Portugal Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 7.9 7.5 7.3 7.6 7.5 6.5
Employed Persons 4775 4820 4850 4890 4910 4990
Unemployed Persons 391 380 375 370 368 355
Part Time Employment 517 540 550 560 570 600
Full Time Employment 4290 4340 4360 4380 4400 4510
Employment Rate 54.3 54.6 54.7 54.8 54.9 55.9
Labor Force Participation Rate 58.9 59.6 59.7 59.8 59.9 60.1
Long Term Unemployment Rate 3.8 3.8 3.8 3.8 3.8 3.2
Youth Unemployment Rate 21.3 21 20.8 20.6 20.2 19
Labour Costs 107 102 96.7 107 102 108
Job Vacancies 10983 14150 12100 10185 16100 10412
Wages 1145 1220 1240 1250 1280 1410
Wage Growth 5.6 4.1 3.8 2.5 2.2 2.7
Wages in Manufacturing 105 115 105 145 109 157
Minimum Wages 677 677 677 677 700 720
Population 10.31 10.27 10.27 10.27 10.24 10.21
Retirement Age Women 66.33 66.33 66.33 66.33 66.42 66.5
Retirement Age Men 66.33 66.33 66.33 66.33 66.42 66.5
Unemployment Change -11269 -24400 -7500 -3700 -12100 -3200
Wages Low Skilled 615 650 650 650 700 750
Wages High Skilled 1360 1450 1450 1450 1500 1650
Productivity 103 104 110 103 99.7 104
Living Wage Family 870 890 890 890 1150 1205
Living Wage Individual 595 650 650 650 700 850
Employment Change 0.7 0.5 0.6 0.7 0.6 0.5