Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Portugal
LMUNRLTTPTM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
310,671.10
Year-over-Year Change
3.40%
Date Range
1/1/1974 - 12/1/2023
Summary
This economic trend measures the total number of registered unemployed individuals in the Portuguese labor market. It provides key insights into the country's employment dynamics and labor force utilization.
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
The Registered Unemployment for Portugal metric tracks the total number of individuals registered with the national employment service as actively seeking work. This data point is a crucial indicator of labor market conditions and is used by policymakers and economists to assess the health of the Portuguese economy.
Methodology
The data is collected through administrative records from the Portuguese national employment service.
Historical Context
Registered unemployment figures are closely monitored by the Bank of Portugal and other government agencies to inform economic and labor market policies.
Key Facts
- Portugal's registered unemployment rate was 7.0% as of the latest data.
- Registered unemployment has declined steadily in Portugal since the economic recovery.
- The data is reported on a monthly basis by the Portuguese national employment service.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals registered as unemployed and actively seeking work in the Portuguese labor market.
Q: Why is this trend relevant for users or analysts?
A: Registered unemployment is a key indicator of labor market conditions and is closely watched by policymakers, economists, and investors to assess the health of the Portuguese economy.
Q: How is this data collected or calculated?
A: The data is collected through administrative records from the Portuguese national employment service.
Q: How is this trend used in economic policy?
A: Registered unemployment figures are monitored by the Bank of Portugal and other government agencies to inform economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with minimal delays by the Portuguese national employment service.
Related Trends
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Citation
U.S. Federal Reserve, Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Portugal (LMUNRLTTPTM647S), retrieved from FRED.