Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Portugal
LFHUADTTPTM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
257,000.00
Year-over-Year Change
-4.46%
Date Range
1/1/1983 - 11/1/2023
Summary
The Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Portugal series measures the unemployment rate for adults aged 25 and above in Portugal. This metric is a key indicator of the country's labor market and economic health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This harmonized unemployment series provides a standardized measure of joblessness in Portugal, allowing for cross-country comparisons. It includes all individuals aged 25 and older who are actively seeking work but unable to find employment.
Methodology
The data is collected through household surveys conducted by the Portuguese statistical agency.
Historical Context
Policymakers and analysts use this trend to assess the strength of Portugal's economy and labor market.
Key Facts
- Portugal's harmonized unemployment rate averaged 7.5% in 2022.
- The unemployment trend has steadily declined since the peak of the Eurozone debt crisis.
- Youth unemployment remains higher than the overall rate in Portugal.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly unemployment rate for adults aged 25 and older in Portugal, providing a standardized metric for evaluating the country's labor market.
Q: Why is this trend relevant for users or analysts?
A: The harmonized unemployment rate is a key indicator of Portugal's economic health and a crucial data point for policymakers, economists, and investors analyzing the Portuguese labor market.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Portuguese statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this harmonized unemployment trend to assess the strength of Portugal's economy, inform policy decisions, and make comparisons to other countries in the Eurozone.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Portugal (LFHUADTTPTM647S), retrieved from FRED.