Unemployment Rate

The Unemployment Rate released by Statistics Portugal is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Portuguese economy. If the rate is up, it indicates a lack of expansion within the labor market. As a result, a rise leads to weakening in the economy. Normally, a decrease in the figure is seen as positive (or bullish) for the EUR, while an increase is seen as negative (or bearish).

Next event - Wednesday 5 August 2026 10:00

Previous
6.1%
Actual
-

The typical/expected market impact of this event is low.

Most recent - Wednesday 6 May 2026 10:00

Previous
5.8%
Actual
6.1%

Trading range

Announcement history

The most recent announced value for Unemployment Rate was 6.1%.

Past events

Date
Actual
Wednesday 6 May 2026 10:00
6.1%
Wednesday 11 February 2026 11:00
5.8%
Wednesday 5 November 2025 11:00
5.8%
Wednesday 6 August 2025 10:00
5.9%
Wednesday 7 May 2025 10:00
6.6%
Wednesday 5 February 2025 11:00
6.7%
Wednesday 6 November 2024 11:00
6.1%
Wednesday 7 August 2024 10:00
6.1%
Wednesday 8 May 2024 10:00
6.8%
Wednesday 7 February 2024 11:00
6.6%
Tuesday 7 November 2023 11:00
6.1%
Wednesday 9 August 2023 10:00
6.1%

Economic context

Recent economic data has been moderately bullish for EUR. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:

PreviousLatest
HCOB Services PMIBullish change54.258.3
HCOB Manufacturing PMI(no change)52.252.2
HCOB Manufacturing PMIBearish change52.251.3
HCOB Manufacturing PMIBullish change49.750.2
Retail Sales (MoM)Bearish change1.2%-1.1%
Retail Sales (YoY)Bearish change2.1%-0.2%
Core Harmonized Index of Consumer Prices (MoM)Bearish change0.2%0%
Core Harmonized Index of Consumer Prices (YoY)Bullish change2.4%2.5%
Harmonized Index of Consumer Prices (MoM)Bullish change-0.1%0.2%
Harmonized Index of Consumer Prices (YoY)Bullish change2.8%2.9%
Consumer Price Index (EU Norm) (YoY)Bearish change3%2.9%
Consumer Price Index (YoY)Bearish change3%2.8%
Unemployment ChangeBearish change-1K6K
Unemployment Rate s.a.Bearish change6.3%6.4%
Consumer Price Index (EU norm) (YoY)Bullish change2%2.4%
Consumer Price Index (MoM)Bullish change-0.3%0.8%
Consumer Price Index (YoY)Bullish change2.3%2.8%
Harmonized Index of Consumer Prices (MoM)Bullish change-0.2%0.9%
Harmonized Index of Consumer Prices (YoY)Bullish change2.4%2.8%
Business ClimateBullish change-0.36-0.19
Consumer Confidence(no change)-15.9-15.9
Economic Sentiment IndicatorBullish change95.496.9
Gross Domestic Product s.a. (QoQ)Bullish change-0.2%0.4%
Gross Domestic Product s.a. (YoY)Bullish change0.3%1%
Unemployment Rate(no change)6.3%6.3%
Gross Domestic Product (QoQ)Bearish change0.3%0.2%
Gross Domestic Product (YoY)Bullish change0.4%0.9%
Gross Domestic Product w.d.a (YoY)Bullish change0.5%0.9%
Gross Domestic Product (QoQ)Bearish change0.3%0.2%
Gross Domestic Product (YoY)Bullish change0.8%1%
Gross Domestic Product - Estimated (QoQ)Bullish change0.6%0.7%
Harmonized Index of Consumer Prices (YoY)Bullish change3.6%3.8%
Gross Domestic Product (QoQ)Bullish change-0.1%0.2%
IFO – Business ClimateBullish change85.786.6
IFO – Current AssessmentBearish change8786.5
IFO – ExpectationsBullish change84.386.7
HCOB Composite PMIBullish change5051.9
HCOB Manufacturing PMIBullish change51.452
HCOB Services PMIBullish change49.451.6
HCOB Composite PMIBullish change49.551.2
HCOB Manufacturing PMIBullish change50.352.2
HCOB Services PMIBullish change48.649.6
HCOB Composite PMIBullish change47.249.6
HCOB Manufacturing PMIBearish change51.250
HCOB Services PMIBullish change46.849.8
GfK Consumer Confidence SurveyBearish change-29.3-29.6
Consumer ConfidenceBullish change-17.7-15.9

About Unemployment Rate

Country:Portugal
Currency:EUR
Source:Statistics Portugal
Category:Labor Market
Frequency:Quarterly
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