Portugal Unemployment Rate Up to All-Time High of 17.7% in Q1 of 2013
Portugal unemployment rate hit a new record of 17.7 percent in the first quarter of 2013, up from 16.9 percent in the previous quarter. This value is up 2.8 percentage points from the same quarter of 2012.
Youth unemployment jumped to 42 percent in the country facing its worst recession since the 1970s from 36 percent a year ago.
The overall number of unemployed rose to 952,200 people from 819,300 a year earlier, out of a total workforce of about 5.39 million, which corresponds to a year-on-year increase of 16.2 percent and to a quarterly increase of 3.1 percent (more 132.9 thousand and 29.0 thousand people, respectively).
There were 4 433.2 thousand employed people, which corresponds to a year-on-year decrease of 4.9 percent and to a quarterly decrease of 2.2 percent (less 229.3 thousand and 98.6 thousand people, respectively).
According to the latest EU/IMF forecasts, unemployment rate is expected to peak at 18.5 percent next year after 18.2 percent this year.
Portuguese Jobless Rate Falls to 6-Year Low in Q2
Portuguese unemployment rate fell to 10.8 percent in the second quarter of 2016 from 12.4 percent in the previous period. It was the lowest reading since the second quarter of 2010, as the number of unemployed fell 12.6 percent while employment rose 2 percent. A year ago the unemployment rate was recorded at 11.9 percent.
Portuguese Jobless Rate Hits 1-Year High
Portuguese unemployment rate rose to 12.4 percent in the first three months of 2016, up from 12.2 percent in the previous period and hitting its highest level since the first quarter of 2015, as the number of unemployed went up 1 percent while employment fell 1.1 percent. A year ago the unemployment rate was recorded at 13.7 percent.
Portuguese Jobless Rate Rises to 12.2% in Q4
Portuguese unemployment rate increased to 12.2 percent in the last quarter of 2015 compared to 11.9 percent in the previous period, as the number of unemployed went up by 2.4 percent while employment dropped by 0.3 percent. A year ago the unemployment rate was recorded at 13.5 percent. Considering full 2015, the jobless rate was recorded at 12.4 percent from 13.9 percent in 2014.
Portuguese Jobless Rate Flat at 11.9% in Q3
Portuguese unemployment rate remained unchanged at 11.9 percent in the third quarter of 2015, staying at its lowest level since the fourth quarter of 2010, as the number of unemployed went down by 0.3 percent while employment also dropped by 0.1 percent. A year ago the unemployment rate was recorded at 13.1 percent.
Portuguese Unemployment Rate Lowest Since Q4 of 2010
Portuguese jobless rate declined to 11.9 percent in the second quarter of 2015 from 13.7 percent reported in the previous period as the number of unemployed decreased by 13 percent and employment grew by 2.3 percent.
Portugal Unemployment Rate Rises in Q1
Portuguese jobless rate grew to 13.7 percent in the first quarter of 2015 from 13.5 percent reported in the previous period as the number of unemployed increased 2.1 percent and employed fell 0.3 percent. It is the second consecutive quarterly increase.
Portugal Unemployment Rate Rises to 13.5%
Portuguese jobless rate incrased to 13.5 percent in the fourth quarter of 2014 from 13.1 percent reported in the previous three month period as the number of unemployed increased and employed declined. A year earlier, unemployment rate was recorded at 15.3 percent.
Portugal Unemployment Rate Down to 3-Year Low
Portuguese jobless rate fell for the sixth consecutive quarter to 13.1 percent in the third quarter of 2014, from 13.9 percent in the previous period. It is the lowest rate since the third quarter of 2011, as more young people found a job.
Portugal Unemployment Rate Falls in Q2
Portuguese jobless rate declined to 13.9 percent in the second quarter of 2014, from 15.1 percent in the previous period, as more people become employed. This is the lowest rate since the third quarter of 2009 and the fifth consecutive quarter of decline.
Portugal Unemployment Rate Down to 15.1% in Q1
Portuguese jobless rate dropped for a fourth straight quarter to 15.1 percent in the first three months of 2014 from 15.3 percent in the previous quarter.
In the fourth quarter of 2013, Portugal’s jobless rate decreased for the third straight quarter to 15.3, from 15.6 percent in the previous three-month period. A year earlier, unemployment reached 16.9 percent.
The unemployment rate estimated for the 3rd quarter of 2013 was 15.6 percent. This value is down 0.2 percentage points from the same quarter of 2012 and down 0.8 percentage points from the previous quarter.
Portuguese Unemployment Rate Down to 16.4% in Q2
Portuguese unemployment rate estimated for the 2nd quarter of 2013 was 16.4%. This value is up 1.4 percentage points from the same quarter of 2012 and down 1.3 percentage points from the previous quarter.
SME May be Key to Recovery in Portuguese Labor Market
Since 2011, the unemployment rate in Portugal has risen markedly and reached an all-time high of 17.7 percent in the first quarter of 2013. And as Small and Medium Enterprises are responsible for 77 percent of total employment, their support is crucial in the recovery of labor market and the economy as a whole.
Portugal Unemployment Rate Up to 16.9 Percent in Q4
The unemployment rate estimated for the 4th quarter of 2012 was 16.9 percent. This value is up 2.9 percentage points from the same quarter of 2011 and 1.1 percentage points from the previous quarter, according to a release from the National Statistics Institute.