Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Portugal
LRUN74TTPTQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.32
Year-over-Year Change
8.22%
Date Range
1/1/1998 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Portugal measures the percentage of the Portuguese labor force aged 15 to 74 that is without a job. This key economic indicator is closely watched by policymakers and analysts to assess the health of the Portuguese labor market.
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 unemployment rate series provides a timely, high-frequency snapshot of labor market conditions in Portugal. It is a critical input for economic forecasting, assessing policy impacts, and understanding business cycle dynamics.
Methodology
The data is collected through nationally representative labor force surveys conducted by the Portuguese statistical agency.
Historical Context
The unemployment rate is a key metric used by the Bank of Portugal and other institutions to guide monetary and fiscal policies.
Key Facts
- Portugal's unemployment rate averaged 7.2% from 2015 to 2022.
- The unemployment rate peaked at 17.2% in 2013 during the European debt crisis.
- Youth unemployment (ages 15-24) in Portugal is persistently higher than the overall rate.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Portugal measures the percentage of the Portuguese labor force aged 15 to 74 that is without a job.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is a critical input for economic forecasting, assessing policy impacts, and understanding business cycle dynamics in Portugal.
Q: How is this data collected or calculated?
A: The data is collected through nationally representative labor force surveys conducted by the Portuguese statistical agency.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key metric used by the Bank of Portugal and other institutions to guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with a typical 2-3 week lag.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Portugal (LRUN74TTPTQ156S), retrieved from FRED.