Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Portugal
LRUN25TTPTA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.48
Year-over-Year Change
-63.24%
Date Range
1/1/1998 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Portugal measures the percentage of the Portuguese labor force aged 25 to 54 who are unemployed. This key labor market indicator provides insight into the health and dynamics of the Portuguese economy.
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 series represents the unemployment rate for the core working-age population in Portugal, a metric closely watched by economists and policymakers to gauge labor market conditions and overall economic performance.
Methodology
The data is collected through national labor force surveys conducted by the Portuguese statistical agency.
Historical Context
The unemployment rate is a crucial input for economic analysis and policy decisions.
Key Facts
- Portugal's unemployment rate for 25-54 year olds was 6.7% in 2022.
- Unemployment in this age group has declined steadily since the financial crisis.
- The 25-54 cohort represents the core of the Portuguese working population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for the 25 to 54 year old population in Portugal, providing insight into the health of the country's labor market and overall economy.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate for prime-working age adults is a key indicator used by economists, policymakers, and market analysts to assess economic conditions and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Portuguese statistical agency.
Q: How is this trend used in economic policy?
A: The 25-54 unemployment rate is closely monitored by the Portuguese government and central bank to gauge the strength of the labor market and broader economy, informing fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: This series is published on a monthly basis with a short lag, providing timely insight into labor market conditions in Portugal.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Portugal (LRUN25TTPTA156N), retrieved from FRED.