The unemployment rate in Portugal fell to 5.7 percent in the second quarter of 2022, down from 5.9 percent in the previous period. It was the lowest jobless rate since the September quarter of 2002. The number of unemployed dropped by 3.1 percent over the last quarter to 298.8 thousand people, while employment remained barely unchanged at 4.9 million. Similarly, the labor underutilization rate decreased to 11.2 percent from 11.5 percent, as the number of inactive persons available to work but not seeking a job dropped. source: Statistics Portugal

Unemployment Rate in Portugal averaged 7.81 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 August of 2022.

Unemployment Rate in Portugal is expected to be 6.60 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 6.20 percent in 2023, according to our econometric models.

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Portugal Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-11 10:00 AM Q1 5.9% 6.3% 6.5%
2022-08-10 10:00 AM Q2 5.7% 5.9% 5.8%
2022-11-10 11:00 AM Q3 5.7%


Related Last Previous Unit Reference
Unemployment Rate 5.70 5.90 percent Jun 2022
Employed Persons 4866.10 4844.30 Thousand Jun 2022
Unemployed Persons 299.90 302.80 Thousand Jun 2022
Part Time Employment 390.40 388.70 Thousand Jun 2022
Full Time Employment 4511.40 4512.20 Thousand Jun 2022
Employment Rate 56.40 56.40 percent Jun 2022
Labor Force Participation Rate 59.90 59.80 percent Mar 2022
Wages in Manufacturing 138.86 121.55 points Jun 2022
Wage Growth 4.20 3.90 percent Jan 2022

Portugal Unemployment Rate
In Portugal, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
5.70 5.90 18.50 3.70 1983 - 2022 percent Quarterly
NSA

News Stream
Portugal Unemployment Rate Hits New Low
The unemployment rate in Portugal fell to 5.7 percent in the second quarter of 2022, down from 5.9 percent in the previous period. It was the lowest jobless rate since the September quarter of 2002. The number of unemployed dropped by 3.1 percent over the last quarter to 298.8 thousand people, while employment remained barely unchanged at 4.9 million. Similarly, the labor underutilization rate decreased to 11.2 percent from 11.5 percent, as the number of inactive persons available to work but not seeking a job dropped.
2022-08-10
Portugal Jobless Rate Lowest Since 2002
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.
2022-05-11
Portugal Jobless Rate Rises to 6.3% in Q4
The unemployment rate in Portugal rose to 6.3 percent in the fourth quarter of 2021 from 6.1 percent in the previous period. It was the first increase in the jobless rate since the third quarter of 2020, as the number of unemployed rose by 3.7% to 330.6 thousand people, while employment remained relatively unchanged at 4,879 thousand. At the same time, the labor underutilization rate edged down to 11.7 percent from 11.9 percent, as the number of inactive persons available to work but not seeking a job decreased. Considering the full 2021, the unemployment rate was at 6.6 percent, easing from 7 percent during 2020.
2022-02-09