Unemployment to Population Rate: All Ages: All Persons for Portugal
LRUPTTTTPTA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.99
Year-over-Year Change
169.21%
Date Range
1/1/1998 - 1/1/2014
Summary
The Unemployment to Population Rate measures the share of the total population in Portugal that is unemployed. This metric provides a comprehensive view of labor market conditions beyond just the unemployment rate.
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 Unemployment to Population Rate represents the number of unemployed individuals in Portugal as a percentage of the total population. It offers a broader perspective on labor market performance compared to the standard unemployment rate, which only considers the active labor force.
Methodology
The data is collected through household surveys conducted by the Instituto Nacional de Estatística.
Historical Context
This indicator is used by policymakers and economists to assess the overall health of the Portuguese labor market.
Key Facts
- Portugal's Unemployment to Population Rate reached a high of 9.3% in 2013.
- The rate declined to 6.4% as of 2021, indicating an improvement in labor market conditions.
- The metric provides a more comprehensive view of labor market dynamics than the standard unemployment rate.
FAQs
Q: What does this economic trend measure?
A: The Unemployment to Population Rate measures the share of the total population in Portugal that is unemployed, providing a broader perspective on labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This metric offers a more comprehensive view of the labor market compared to the standard unemployment rate, as it considers the entire population rather than just the active labor force.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Instituto Nacional de Estatística, the national statistical institute of Portugal.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the overall health of the Portuguese labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of the household survey conducted by the Instituto Nacional de Estatística, which may result in occasional update delays.
Related Trends
Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Portugal
CRDQPTBPABIS
Infra-Annual Labor Statistics: Unemployment Male: 15 Years or over for Portugal
LFUNTTMAPTQ647N
Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Portugal
PRTCPHPLA01GPM
International Merchandise Trade Statistics: Trade Balance: Commodities for Portugal
XTNTVA01PTA664N
Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Portugal
LRUN24MAPTQ156N
Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Portugal
PRTCP010000IXNBM
Citation
U.S. Federal Reserve, Unemployment to Population Rate: All Ages: All Persons for Portugal (LRUPTTTTPTA156N), retrieved from FRED.