Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Portugal
LRHUTTTTPTM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.30
Year-over-Year Change
-1.56%
Date Range
1/1/1983 - 5/1/2025
Summary
This series tracks the monthly unemployment rate for individuals aged 15 and over in Portugal. It provides key insights into the health of the Portuguese labor market and is closely monitored by policymakers and economists.
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 monthly unemployment rate is a key economic indicator that measures the percentage of the total labor force that is jobless but actively seeking employment. This data series offers a timely snapshot of employment conditions in Portugal and is widely used to analyze economic performance and labor market trends.
Methodology
The data is collected through household surveys conducted by the Portuguese National Statistics Institute.
Historical Context
The unemployment rate is a crucial input for assessing monetary and fiscal policy decisions in Portugal.
Key Facts
- Portugal's unemployment rate peaked at 17.5% in 2013 during the Eurozone debt crisis.
- The unemployment rate has steadily declined since 2013, reaching 6.7% as of the latest data.
- Youth unemployment remains a persistent challenge, with the rate for those under 25 more than double the overall figure.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monthly unemployment rate for individuals aged 15 and over in Portugal, providing a timely indicator of labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial metric for assessing the health of the Portuguese economy and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Portuguese National Statistics Institute.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for monetary and fiscal policy decisions in Portugal, as it reflects the overall state of the labor market.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical lag of several weeks from the reference period.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Portugal (LRHUTTTTPTM156S), retrieved from FRED.