Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Portugal
LRUN64TTPTQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.45
Year-over-Year Change
7.55%
Date Range
1/1/1998 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Portugal measures the percentage of the Portuguese labor force aged 15 to 64 that is unemployed. This key economic indicator helps policymakers and analysts assess labor market health and guide employment policies.
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 monthly unemployment rate series provides a timely snapshot of the Portuguese labor market by tracking the proportion of the working-age population that is jobless but actively seeking employment. It is a widely-used metric for evaluating economic performance and informing policy decisions.
Methodology
The data is collected through household surveys conducted by the Portuguese National Statistical Institute.
Historical Context
Policymakers and economists closely monitor this unemployment rate to gauge labor market conditions and inform fiscal and monetary policies.
Key Facts
- Portugal's unemployment rate averaged 7.4% from 2015-2020.
- The unemployment rate peaked at 17.2% in 2013 following the global financial crisis.
- Youth unemployment (ages 15-24) in Portugal is nearly double the overall rate.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Portugal measures the percentage of the Portuguese labor force aged 15 to 64 that is unemployed.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is a key indicator of labor market health and a vital data point for policymakers, economists, and analysts evaluating Portugal's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Portuguese National Statistical Institute.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this unemployment rate to gauge labor market conditions and inform fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, providing timely insights into Portugal's labor market.
Related Trends
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PRTCP110000GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Portugal
PRTCP010000CTGYM
Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Portugal
PRTCP120000GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Portugal
PRTCPIENGAINMEI
General government gross debt for Portugal
GGGDTAPRT188N
Unemployment to Population Rate: All Ages: All Persons for Portugal
LRUPTTTTPTA156N
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Portugal (LRUN64TTPTQ156S), retrieved from FRED.