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 6 August 2025 10:00

Previous
6.6%
Actual
-

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

Most recent - Wednesday 7 May 2025 10:00

Previous
6.7%
Actual
6.6%

Trading range

Announcement history

The most recent announced value for Unemployment Rate was 6.6%.

Past events

Date
Actual
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%
Wednesday 10 May 2023 10:00
7.2%
Wednesday 8 February 2023 11:00
6.5%
Wednesday 9 November 2022 11:00
5.8%
Wednesday 10 August 2022 10:00
5.7%

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
Factory Orders n.s.a. (YoY)Bearish change5.3%0.8%
Factory Orders s.a. (MoM)Bullish change-1.4%-1%
Producer Price Index (MoM)Bullish change-0.6%0.8%
Producer Price Index (YoY)Bullish change0.3%0.6%
HCOB Composite PMIBearish change5150.9
HCOB Composite PMIBullish change50.350.6
HCOB Services PMIBullish change50.150.6
HCOB Services PMIBullish change51.955.1
Sentix Investor ConfidenceBearish change4.5-3.7
Core Harmonized Index of Consumer Prices (MoM)Bearish change0.4%-0.2%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.3%2.3%
Harmonized Index of Consumer Prices (MoM)Bearish change0.3%0%
Harmonized Index of Consumer Prices (YoY)(no change)2%2%
HCOB Manufacturing PMIBearish change49.249.1
HCOB Manufacturing PMIBullish change48.449.8
HCOB Manufacturing PMIBullish change51.451.9
Consumer Price Index (MoM)Bullish change0%0.3%
Consumer Price Index (YoY)(no change)2%2%
Harmonized Index of Consumer Prices (MoM)Bullish change0.1%0.4%
Harmonized Index of Consumer Prices (YoY)Bearish change2%1.8%
Unemployment Rate(no change)6.2%6.2%
Consumer Price Index (EU Norm) (YoY)Bearish change1.8%1.7%
Consumer Price Index (YoY)(no change)1.7%1.7%
Unemployment ChangeBullish change11K2K
Unemployment Rate s.a.(no change)6.3%6.3%
Consumer Price Index (EU norm) (YoY)(no change)0.9%0.9%
Business ClimateBullish change-0.78-0.72
Consumer Confidence(no change)-14.7-14.7
Economic Sentiment IndicatorBullish change94.295.8
Gross Domestic Product s.a. (QoQ)Bearish change0.6%0.1%
Gross Domestic Product s.a. (YoY)Bearish change1.5%1.4%
Gross Domestic Product (QoQ)Bearish change0.4%-0.1%
Gross Domestic Product (YoY)Bullish change0%0.4%
Gross Domestic Product w.d.a (YoY)Bullish change-0.2%0%
Gross Domestic Product (QoQ)Bearish change0.3%-0.1%
Gross Domestic Product (YoY)Bearish change0.7%0.4%
Harmonized Index of Consumer Prices (YoY)Bullish change2.3%2.7%
Retail Sales (MoM)Bullish change-0.6%1%
Retail Sales (YoY)Bullish change2.6%4.9%
Gross Domestic Product (QoQ)Bullish change0.1%0.3%
Gross Domestic Product - Estimated (QoQ)Bullish change0.6%0.7%
IFO – Business ClimateBullish change88.488.6
IFO – Current AssessmentBullish change86.286.5
IFO – ExpectationsBullish change90.690.7
HCOB Composite PMIBullish change50.651
HCOB Manufacturing PMIBullish change49.549.8
HCOB Services PMIBullish change50.551.2
HCOB Services PMIBullish change49.750.1
HCOB Composite PMIBearish change50.450.3
HCOB Manufacturing PMIBullish change4949.2
HCOB Composite PMIBullish change49.249.6
HCOB Manufacturing PMIBullish change48.148.4
HCOB Services PMIBullish change49.649.7
GfK Consumer Confidence SurveyBearish change-20.3-21.5
Consumer ConfidenceBullish change-15.3-14.7

About Unemployment Rate

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