Portugal Unemployment Rate

Unemployment Rate in Portugal decreased to 15.30 percent in the fourth quarter of 2013 from 15.60 percent in the third quarter of 2013. Unemployment Rate in Portugal is reported by the Statistics Portugal. Unemployment Rate in Portugal averaged 7.36 Percent from 1983 until 2013, reaching an all time high of 17.70 Percent in the first quarter of 2013 and a record low of 3.70 Percent in the second quarter of 2000. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
15.30 15.60 17.70 3.70 15.00 | 2014/03 1983 - 2013 Percent Quarterly

TO

Portugal Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-09 11:00 AM Portugal
Unemployment Rate
Q1 2013 17.7% 16.9%
2013-08-07 11:00 AM Portugal
Unemployment Rate
Q2 2013 16.4% 17.7% 18.8%
2013-11-07 11:00 AM Portugal
Unemployment Rate
Q3 2013 15.6% 16.4% 16.1%
2014-02-05 11:00 AM Portugal
Unemployment Rate
Q4 2013 15.3% 15.6% 16.5%
2014-05-09 11:00 AM Portugal
Unemployment Rate
Q1 2014 15.3% 15%
[+]

Labour Last Previous Highest Lowest Forecast Unit
Employed Persons 4561.50 2013-11-15 4553.60 5228.10 4215.20 4553.97 2014-03-31 Thousand [+]
Job Vacancies 13477.00 2014-02-15 14359.00 15790.00 1083.00 12698.36 2014-02-28 [+]
Labour Costs 117.80 2013-11-15 101.20 140.40 64.20 108.95 2014-03-31 Index Points [+]
Labor Force Participation Rate 60.30 2013-11-15 60.30 61.60 60.10 59.87 2014-03-31 Percent [+]
Long Term Unemployment Rate 9.30 2013-09-30 9.40 9.50 1.20 10.61 2013-12-31 percent [+]
Retirement Age Men 65.00 2013-01-01 65.00 65.00 65.00 65.00 2013-12-31 [+]
Retirement Age Women 65.00 2013-01-01 65.00 65.00 65.00 65.00 2013-12-31 [+]
Unemployed Persons 826.70 2013-11-15 838.60 952.20 174.60 806.69 2014-03-31 Thousand [+]
Wages 88.92 2014-02-15 86.49 131.92 84.58 88.09 2014-03-31 Index Points [+]
Wages in Manufacturing 88.11 2014-02-15 87.50 132.63 84.12 89.27 2014-03-31 Index Points [+]
Youth Unemployment Rate 35.00 2014-02-15 34.60 40.50 8.80 33.86 2014-03-31 Percent [+]
Population 10.48 2013-12-31 10.54 10.64 8.63 10.47 2014-12-31 Million [+]
Unemployment Rate 15.30 2013-12-31 15.60 17.70 3.70 15.00 2014-03-31 Percent [+]
Minimum Wages 565.80 2013-12-31 565.80 565.80 356.70 564.18 2014-01-31 EUR [+]
[+]


Portuguese Unemployment Falls for 3rd Straight Quarter

In the fourth quarter of 2013, Portugal’s jobless rate decreased for the third straight quarter to 15.3, from 15.6 percent in the previous three-month period. A year earlier, unemployment reached 16.9 percent.

There were 826.7 thousand unemployed people, which corresponds to a year-on-year decrease of 10.5 percent and to a quarterly decrease of 1.4 percent (less 96.5 thousand and less 11.9 thousand people, respectively).

There were 4 561.5 thousand employed people, a year-on-year increase of 0.7 percent and a quarterly increase of 0.2 percent (more 29.7 thousand and more 7.9 thousand people, respectively).

Considering full 2013, the unemployment rate was 16.3 percent, 0.6 percent higher than in 2012. There were 875.9 thousand unemployed people, up 1.8 percent from the previous year (more 15.8 thousand people). The employed population recorded an annual decrease of 2.6 percent (less 121.2 thousand people).

INE | Joana Taborda | joana.taborda@tradingeconomics.com
2/5/2014 11:19:08 AM

RECENT RELEASES

Portugal Unemployment Rate Down to 15.6% in Q3
The unemployment rate estimated for the 3rd quarter of 2013 was 15.6 percent. This value is down 0.2 percentage points from the same quarter of 2012 and down 0.8 percentage points from the previous quarter. Published on 2013-11-07

Portuguese Unemployment Rate Down to 16.4% in Q2
Portuguese unemployment rate estimated for the 2nd quarter of 2013 was 16.4%. This value is up 1.4 percentage points from the same quarter of 2012 and down 1.3 percentage points from the previous quarter. Published on 2013-08-07


Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


RELATED NEWS

Portugal Inflation Rate Down to 4-1/2-Year Low  
Portugal’ annual inflation rate dropped to -0.37 percent in March of 2014, down from -0.08 percent in the previous month and 0.45 percent a year earlier. It is the lowest level since November of 2009.
Portuguese Trade Deficit Widens in February Over a Year Earlier  
The trade deficit increased to EUR 795.0 million in February of 2014, from EUR 744.4 million a year earlier, as exports increased by 4.7 percent and imports rose by 5.0 percent. Compared with January of 2014, the gap decreased from a revised EUR 956.0 million.
Portugal Inflation Rate in Negative Territory  
Portuguese annual inflation rate declined 0.1 percent in February of 2014, down from 0.1 percent in the previous month. Monthly inflation was recorded at -0.3 percent changing from -1.4 percent in January and -0.1 in February of 2013.
Portugal Trade Deficit Widens in January on Rising Imports  
Portuguese trade deficit widened to € 925 million in January of 2014, from a revised € 888 million deficit in December and a € 599 million gap a year earlier. Imports from countries outside the EU surged as bad weather conditions in December affected the normal working schedule of the port terminals.
Portuguese GDP Advanced More than Expected in Q4  
The Portuguese economy expanded a revised 0.6 percent in the last quarter of 2013, up from the previous quarter's 0.3 percent growth. The final figure comes better than a 0.5 percent expansion previously reported, boosted by investment and exports.
Portuguese Economy Rebounds in Q4 2013  
In the last quarter of 2013, Portugal’s GDP advanced 0.5 percent over the previous quarter, accelerating from a 0.3 percent expansion in the previous three-month period, flash estimates showed.
Portuguese Inflation Rate Slows in January  
In January of 2014, Portuguese annual inflation rate slowed to 0.1 percent from 0.2 percent in the last month of 2013. On a monthly basis, prices fell sharply by 1.4 percent, the lowest rate in almost 38 years, due to lower cost of clothing and flights.
Portugal Posts the Lowest Trade Deficit in 17 Years  
In 2013, Portugal’s trade deficit shrank 15 percent over the previous year to € 9.28 billion, the lowest deficit since 1996. The coverage rate reached 83.6 percent, corresponding to a 3.0 p.p. increase over a year earlier.
Portuguese Unemployment Falls for 3rd Straight Quarter  
In the fourth quarter of 2013, Portugal’s jobless rate decreased for the third straight quarter to 15.3, from 15.6 percent in the previous three-month period. A year earlier, unemployment reached 16.9 percent.
Portuguese Inflation Rate Rises 0.2% in December  
In December of 2013, Portuguese annual inflation rate turned positive and rose 0.2 percent, after falling 0.2 percent in the previous two months, due to higher prices of health, food and alcoholic beverages.
MORE RELATED NEWS

LATEST NEWS

Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News