Leading Indicators OECD: Component series: Employment - Unemployment: Original series for Portugal
PRTLOCOEMORSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,020.06
Year-over-Year Change
-21.93%
Date Range
1/1/1974 - 10/1/2022
Summary
The Leading Indicators OECD: Component series: Employment - Unemployment: Original series for Portugal tracks unemployment trends in Portugal, a key economic indicator used 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 series represents the original unemployment data for Portugal as part of the OECD's broader leading economic indicators. It provides insight into employment conditions and is widely referenced by economists and government agencies to inform policy decisions.
Methodology
The data is collected through national labor force surveys conducted by the Portuguese statistics agency.
Historical Context
Unemployment trends are a crucial input for monetary and fiscal policy in Portugal and the broader Eurozone.
Key Facts
- Portugal's unemployment rate peaked at over 17% in 2013.
- The unemployment rate has steadily declined since the European debt crisis.
- Youth unemployment remains a persistent challenge in Portugal.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the original unemployment data for Portugal as part of the OECD's broader leading economic indicators.
Q: Why is this trend relevant for users or analysts?
A: Unemployment is a key indicator of economic health, and this data provides important insights into labor market conditions in Portugal.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Portuguese statistics agency.
Q: How is this trend used in economic policy?
A: Unemployment trends are a crucial input for monetary and fiscal policy in Portugal and the broader Eurozone.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as other labor force survey-based metrics.
Related Trends
Total Credit to Non-Financial Corporations, Unadjusted for Breaks, for Portugal
CRDQPTANUBIS
Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Portugal
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International Trade: Net Trade: Value (Goods): Total for Portugal
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Portugal
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Infra-Annual Labor Statistics: Unemployment Female: From 25 to 54 Years for Portugal
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component series: Employment - Unemployment: Original series for Portugal (PRTLOCOEMORSTSAM), retrieved from FRED.