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

Portuguese unemployment rate declined to 10.5 percent in the third quarter of 2016 from 10.8 percent in the previous period. It was the lowest level since the last quarter of 2009, as the number of unemployed fell 1.8 percent while employment rose 1.3 percent. A year ago the unemployment rate was recorded at 11.9 percent. Unemployment Rate in Portugal averaged 7.78 percent from 1983 until 2016, 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.

Portugal Unemployment Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-11 10:00 AM Q1 12.4% 12.2% 12.4%
2016-08-10 10:00 AM Q2 10.8% 12.4% 11.1%
2016-11-09 11:00 AM Q3 10.5% 10.8% 11.1%
2017-02-10 11:00 AM Q4
2017-05-11 10:00 AM Q1
2017-08-10 10:00 AM Q2




Portuguese Jobless Rate Falls to 6-Year Low in Q2


Portuguese unemployment rate fell to 10.8 percent in the second quarter of 2016 from 12.4 percent in the previous period. It was the lowest reading since the second quarter of 2010, as the number of unemployed fell 12.6 percent while employment rose 2 percent. A year ago the unemployment rate was recorded at 11.9 percent.

The unemployed population declined by 80.9 thousand or 12.6 percent to 559.3 thousand people. Unemployment decrease came mostly from: both men and women in a similar pattern, more precisely men (-12.6 percent) and women (-12.7 percent); people aged 35 to 44 (-18.8 percent) and aged 25 to 34 (-15.8 percent); having completed, at most, the first or second stages of basic education (-11.5 percent); looking for a new job (-12.7 percent), having been formerly in the services sector (-10.5 percent); and seeking a job for less than 12 months (-23.1 percent). This decrease, that in the last years has occurred in the 2nd quarter, was rather sharp as the one observed in the 2nd quarter of 2015 (-13 percent).

Youth unemployment rate dropped to 26.9 percent from 31 percent in the previous three months and 29.8 percent a year earlier.

The employed population rose by 89.2 thousand or 2 percent to 4,602.5 thousand people. Employment increased for: services (+1.4 percent); industry (+1 percent) and agriculture (+11.2 percent). This increase is usual in the 2nd quarters of each year, even if with different amplitudes. The increase now observed is lower than the one that occurred in 2015, equal to the 2014 one and higher than those of 2013, 2012 and 2011.

The employment rate stood at 51.9 percent compared to 50.9 percent in the previous quarter and 51.7 percent from the same quarter of 2015.

The participation rate of the working age population stood at 58.3 percent compared to 58.1 percent in the previous quarter and 58.6 percent from the same quarter of 2015.

Year-on-year, the number of unemployed went down by 61.1 thousand people or 9.8 percent while the number of employed people rose by 21.7 thousand or 0.5 percent. 

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/10/2016 11:27:52 AM



Portugal Labour Last Previous Highest Lowest Unit
Unemployment Rate 10.50 10.80 17.50 3.70 percent [+]
Employed Persons 4577.30 4583.80 5007.40 4215.20 Thousand [+]
Unemployed Persons 553.10 550.90 927.70 174.60 Thousand [+]
Part Time Employment 555.50 547.20 678.90 541.70 Thousand [+]
Full Time Employment 4106.00 4055.40 4516.50 3725.70 Thousand [+]
Employment Rate 52.60 51.90 59.20 48.80 percent [+]
Labor Force Participation Rate 58.80 58.30 62.50 58.10 percent [+]
Long Term Unemployment Rate 6.20 6.70 9.40 1.40 percent [+]
Youth Unemployment Rate 26.50 26.70 40.60 11.10 percent [+]
Labour Costs 98.00 92.30 112.40 63.20 Index Points [+]
Job Vacancies 11158.00 9593.00 17645.00 1083.00 [+]
Wages 1130.37 1140.37 1142.59 809.34 EUR/Month [+]
Wages in Manufacturing 94.24 103.63 133.70 85.38 Index Points [+]
Wage Growth 2.30 2.50 7.00 -10.30 percent [+]
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 [+]
Living Wage Family 1020.00 1040.00 1110.00 1020.00 EUR/Month [+]
Living Wage Individual 565.00 577.00 600.00 565.00 EUR/Month [+]
Productivity 103.40 99.00 111.00 77.90 Index points [+]
Wages Low Skilled 663.00 606.00 663.00 540.00 EUR/Month [+]
Wages High Skilled 1310.00 1340.00 1390.00 1120.00 EUR/Month [+]
Employment Change 0.60 0.00 1.20 -2.80 percent [+]



Portugal Unemployment Rate Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
10.50 10.80 17.50 3.70 1983 - 2016 percent Quarterly
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Germany 4.10 Oct/16
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China 4.04 Sep/16
Myanmar 4.02 Dec/13
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