Portugal Unemployment Rate  1983-2016 | Data | Chart | Calendar | Forecast

Portuguese unemployment rate increased to 12.2 percent in the last quarter of 2015 compared to 11.9 percent in the previous two periods, as the number of unemployed went up by 2.4 percent while employment dropped by 0.3 percent. A year ago the unemployment rate was recorded at 13.5 percent. Unemployment Rate in Portugal averaged 7.71 percent from 1983 until 2015, reaching an all time high of 17.50 percent in the first quarter of 2013 and a record low of 3.70 percent in the second quarter of 2000. Unemployment Rate in Portugal is reported by the Statistics Portugal.

Portugal Unemployment Rate
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Actual Previous Highest Lowest Dates Unit Frequency
12.20 11.90 17.50 3.70 1983 - 2015 percent Quarterly
NSA
In Portugal, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Portugal Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-08-05 11:00 AM Q2 11.9% 13.7% 13.9%
2015-11-04 11:00 AM Q3 11.9% 11.9% 12.2%
2016-02-10 11:00 AM Q4 12.2% 11.9% 11.8% 12.1%
2016-05-11 10:00 AM Q1 12.2% 12.4%
2016-08-05 10:00 AM Q2 11.3%
2016-11-04 11:00 AM Q3 11.4%

Portuguese Jobless Rate Rises to 12.2% in Q4


Portuguese unemployment rate increased to 12.2 percent in the last quarter of 2015 compared to 11.9 percent in the previous period, as the number of unemployed went up by 2.4 percent while employment dropped by 0.3 percent. A year ago the unemployment rate was recorded at 13.5 percent. Considering full 2015, the jobless rate was recorded at 12.4 percent from 13.9 percent in 2014.

The unemployed population was estimated at 633.9 thousand people, corresponding to a quarterly increase of 15.1 thousand or 2.4 percent. Unemployment decrease came mostly from: men (+ 5.2 percent); having completed, at most, an education level corresponding to the (upper) secondary and post-secondary non-tertiary education (+3.6 percent); looking for a first job (+11 percent) or seeking for a new one (+1.1 percent), having the latter been formerly in the agriculture, forestry and fishing sector (+72.8 percent) or in the services sector (+1.7 percent); and seeking a job for less than 12 months (+4.8 percent). 

Youth unemployment rate rose to 32.8 percent from 30.8 percent in the previous three months.

The employed population was estimated at 4,561.5 thousand people, which corresponds to a quarterly decrease of 13.8 thousand or 0.3 percent, affecting mostly: women (-0.8 percent); people aged 15 to 34 (-2.2 percent); having completed, at most, the first or second stages of basic education (-1.9 percent); employed in the agriculture, forestry and fishing sector (-5.5 percent) and in the manufacturing, electricity, gas and water supply and construction sector (-0.5 percent).
The participation rate was recorded at 58.6 percent, the same as in the previous quarter and up 0.1 p.p. from the same quarter of last year.

Year-on-year, the number of unemployed went down by 64.4 thousand people or 9.2 percent while the number of employed people rose by 69.9 thousand or 1.6 percent. 

Considering full 2015, the unemployment rate was recorded at 12.4 percent from 13.9 percent in 2014. There were 646.5 thousand unemployed people, down 79.5 thousand or 11 percent from the previous year. The employed population, estimated to be 4,548.7 thousand people, recorded an annual increase of 49.2 thousand or 1.1 percent.

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/10/2016 11:22:27 AM

Portugal Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.20 11.90 17.50 3.70 percent [+]
Employed Persons 4463.40 4430.50 5007.40 4215.20 Thousand [+]
Unemployed Persons 626.30 639.90 927.70 174.60 Thousand [+]
Part Time Employment 566.50 546.10 678.90 546.10 Thousand [+]
Full Time Employment 3995.10 4029.30 4516.50 3725.70 Thousand [+]
Employment Rate 51.50 51.60 59.20 48.80 percent [+]
Labor Force Participation Rate 58.60 58.60 62.50 58.50 percent [+]
Long Term Unemployment Rate 7.00 6.90 9.40 1.40 percent [+]
Youth Unemployment Rate 30.70 30.00 40.70 11.10 percent [+]
Labour Costs 99.30 91.50 112.40 63.20 Index Points [+]
Job Vacancies 15617.00 15559.00 17645.00 1083.00 [+]
Wages 1124.49 1120.40 1142.59 809.34 EUR/Month [+]
Wage Growth 1.00 0.60 7.00 -10.30 percent [+]
Wages in Manufacturing 92.92 92.10 133.70 85.38 Index Points [+]
Minimum Wages 618.33 589.17 618.33 356.72 EUR/Month [+]
Population 10.37 10.43 10.57 8.62 Million [+]
Retirement Age Women 66.00 66.00 66.00 65.00 [+]
Retirement Age Men 66.00 66.00 66.00 65.00 [+]
Productivity 101.10 109.80 111.00 77.90 Index points [+]
Wages High Skilled 1320.00 1100.00 1320.00 1100.00 EUR/Month [+]
Wages Low Skilled 585.00 550.00 585.00 540.00 EUR/Month [+]
Employment Change 0.70 -0.50 1.20 -2.80 percent [+]




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