Official Portal - Statistics Portugal
      
 

In February, the unemployment rate decreased to 6.8% and the labour underutilisation rate to 12.0%
Monthly Employment and Unemployment Estimates
In February, the unemployment rate decreased to 6.8% and the labour underutilisation rate to 12.0% - February 2023
30 March 2023

Summary

January 2023:

• The active population (5,265.5 thousand) increased compared to December 2022 (0.9%), to October 2022 (1.2%) and to January 2022 (1.6%).

• The employed population (4,897.3 thousand) increased by 0.6% from the previous month and by 0.2% from both three months before and a year earlier.

• The unemployed population (368,2 thousand) increased by 5.2% compared to December 2022, by 16.3% compared to October and by 23.8% compared to January of the same year.

• The unemployment rate stood at 7.0%, up 0.3 percentage points (pp) from the previous month, up 0.9 pp from three months before and up 1.3 pp from a year earlier.

• The inactive population (2,422.5 thousand) decreased over the three periods under comparison (previous month, three months earlier and the same month a year before): by 0.8%, 1.3% and 2.3%, respectively.

• The labour underutilisation rate was estimated at 12.2%, the same value as in the previous month, up 0.8 pp from three months before and up 0.9 pp from one year earlier.

February 2023:

• The active population (5,283.1 thousand) increased compared to January 2023 (0.3%), to November 2022 (1.5%) and to February 2022 (1.9%).

• The employed population (4,923.5 thousand) increased from the previous month (0.5%), from three months before (1.1%) and from a year earlier (0.6%).

• The unemployed population (359.6 thousand) decreased from the previous month (2.3%), having increased from three months before (7,1%) and from a year earlier (23.1%).

• The unemployment rate stood at 6.8%, down 0.2 pp from January 2023, but up from November and February 2022 (0.3 pp. and 1.2 pp, respectively).

• The inactive population (2,404.3 thousand) decreased by 0.7% from the previous month, by 2.1% from three months before and by 3.0% from one year earlier.

• The labour underutilisation rate stood at 12.0%, down 0.2 pp from the previous month, but up 0.2 pp from three months before and up 0.9 pp from the same month of 2022.


Press release
Download the document PDF (443 Kb)
Tables
Excel Excel (52 Kb)
ZIP CSV (4 Kb)