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

Portuguese unemployment rate rose to 12.4 percent in the first three months of 2016, up from 12.2 percent in the previous period and hitting its highest level since the first quarter of 2015, as the number of unemployed went up 1 percent while employment fell 1.1 percent. Meanwhile, the labor force participation rate fell to a 18-year low of 58.1 percent. A year ago the unemployment rate was recorded at 13.7 percent. Unemployment Rate in Portugal averaged 7.74 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. Unemployment Rate in Portugal is reported by the Statistics Portugal.

Portugal Unemployment Rate
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Actual Previous Highest Lowest Dates Unit Frequency
12.40 12.20 17.50 3.70 1983 - 2016 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)
2015-11-04 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 12.4% 12.2% 12.4%
2016-08-05 10:00 AM Q2 12.4% 12.1%
2016-11-04 11:00 AM Q3 12%

Portuguese Jobless Rate Hits 1-Year High


Portuguese unemployment rate rose to 12.4 percent in the first three months of 2016, up from 12.2 percent in the previous period and hitting its highest level since the first quarter of 2015, as the number of unemployed went up 1 percent while employment fell 1.1 percent. A year ago the unemployment rate was recorded at 13.7 percent.

The unemployed population was estimated at 640.2 thousand people, corresponding to a quarterly rise of 6.3 thousand or 1 percent. Unemployment increase came mostly from: men (+1.5 percent); people aged 25 to 34 (+13.9 percent); having completed the tertiary education (+4.7 percent); looking for a new job (+4.3 percent), having been formerly in the manufacturing, electricity, gas and water supply, and construction sector (+6.7 percent) or in the services sector (+3.1 percent); and seeking a job for less than 12 months (+9.2 percent). This increase was lower than the one observed in the first quarter of 2015 (+2.1 percent).

Youth unemployment rate dropped to 31 percent from 32.8 percent in the previous three months.

The employed population was estimated at 4,513.3 thousand people, which corresponds to a quarterly fall of 48.2 thousand or 1.1 percent, affecting mostly: men (-2 percent); people aged 65 and over (-11.4 percent); having completed, at most, the first or second stages of basic education (-2.9 percent); employed in the agriculture sector (-8.7 percent); self-employed workers (-4.6 percent), employees (-0.6 percent), mainly those with a temporary job (-4.4 percent); both working part-time (-4.4 percent) and full-time (-0.6 percent). This decrease, which usually occurs in the first quarter of each year, was higher than the ones observed in the first quarters of 2014 and 2015, equal to the one of 2012 and lower than that of 2013.

The participation rate of the working age population fell to a 18-year low of 58.1 percent, from 58.6 percent in the previous quarter and 58.5 percent from the same quarter of 2015.

Year-on-year, the number of unemployed went down by 72.7 thousand people or 10.2 percent while the number of employed people rose by 36.2 thousand or 0.8 percent. 

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/11/2016 11:40:03 AM

Portugal Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.40 12.20 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 541.70 566.50 678.90 541.70 Thousand [+]
Full Time Employment 3971.60 3995.10 4516.50 3725.70 Thousand [+]
Employment Rate 50.90 51.50 59.20 48.80 percent [+]
Labor Force Participation Rate 58.10 58.60 62.50 58.10 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 16334.00 15617.00 17645.00 1083.00 [+]
Wages 1124.49 1120.40 1142.59 809.34 EUR/Month [+]
Wage Growth 1.60 1.20 7.00 -10.30 percent [+]
Wages in Manufacturing 97.15 92.92 133.70 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 [+]
Living Wage Family 1040.00 1050.00 1050.00 1040.00 EUR/Month [+]
Living Wage Individual 577.00 588.00 588.00 577.00 EUR/Month [+]
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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