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. 2014-04-21

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

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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%
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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 14359.00 2014-01-15 10817.00 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.


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