Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Portugal
LRUNTTTTPTQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.30
Year-over-Year Change
8.31%
Date Range
1/1/1998 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Portugal measures the percentage of the Portuguese labor force aged 15 and above that is unemployed. This key economic indicator is closely watched by policymakers 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 data series from the U.S. Federal Reserve tracks the unemployment rate in Portugal on a frequent, intra-annual basis. The unemployment rate is a leading economic indicator that reflects overall labor market conditions and is a crucial input for fiscal and monetary policy decisions.
Methodology
The data is collected through household surveys conducted by the Portuguese national statistical agency.
Historical Context
The unemployment rate is a core metric used by central banks, government agencies, and financial analysts to evaluate the performance of the Portuguese economy.
Key Facts
- Portugal's unemployment rate peaked at 17.5% in 2013 during the European debt crisis.
- The unemployment rate has steadily declined since 2013, reaching 6.1% as of the latest data.
- Youth unemployment remains a persistent challenge, standing at 18.1% as of the most recent period.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Portugal measures the percentage of the Portuguese labor force aged 15 and above that is without a job.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the health of the Portuguese labor market and overall economy. It is closely monitored by policymakers, economists, and investors to assess economic conditions and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Portuguese national statistical agency.
Q: How is this trend used in economic policy?
A: The unemployment rate is a core metric used by the Bank of Portugal, the European Central Bank, and other institutions to evaluate the performance of the Portuguese economy and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a frequent, intra-annual basis, providing timely insights into labor market conditions. However, there may be occasional delays or revisions to the published figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Portugal (LRUNTTTTPTQ156S), retrieved from FRED.