Statistics Portugal - Web Portal
Official Portal - Statistics Portugal
      
 

The unemployment rate stood at 6.5% and the labour underutilisation rate at 11.4%
Monthly Employment and Unemployment Estimates
The unemployment rate stood at 6.5% and the labour underutilisation rate at 11.4% - March 2024
02 May 2024

Summary

February 2024 (definitive estimates):

• The active population (5,354.5 thousand people) increased from the previous month (1.2 thousand, which corresponds to a nearly null relative change), from three months before (1.1%) and from the same month of 2023 (1.6%).

• The employed population (5,002.2 thousand) decreased from the previous month (1.3 thousand, which corresponds to a nearly null relative change); having increased from November (1.0%) and February 2023 (1,9%).

• The unemployed population (352.3 thousand) increased from the previous month (0,7%) and from three months before (1.7%), having decreased when compared to the same month of the previous years (3.2%).

• The unemployment rate, which stood at 6.6%, increased by 0.1 percentage points (pp) from the previous month and from three months before, but decreased by 0.3 pp from a year earlier.

• The inactive population (2,440.0 thousand) increased from the three periods under comparison: 0.2%, 1.8% and 1.0%, respectively.

• The labour underutilisation rate was estimated at 11.4%, down from the three periods under comparison: 0.1 pp, 0.3 pp and 0.7 pp, respectively.

March 2024 (provisional estimates):

• The active population (5,360.5 thousand) increased from February 2024 (0.1%), December 2023 (1.2%) and from March 2023 (1.6%).

• The employed population (5,013.9 thousand) increased from the three periods under comparison: 0.2%, 1.2% and 2.0%, respectively.

• The unemployed population (346.5 thousand) decreased by 1.6% from February 2024 and by 3.9% from March 2023, having remained unchanged from December 2023.

• The unemployment rate stood at 6.5%, down 0.1 pp from the previous month, remained unchanged from three months before, and down 0.3 pp from a year earlier.

• The inactive population (2,438.7 thousand) decreased from the month before (0.1%) having increased from three months before (1.8%) and from a year earlier (1.3%).

• The labour underutilisation rate stood at 11.4%, the same value from February 2024, decreased from December 2023 (0.2 pp) and from March of the same year (0.6 pp).


Press release
Download the document PDF (528 Kb)
Tables
Excel Excel (52 Kb)
ZIP CSV (5 Kb)