Statistics Portugal - Web Portal
Official Portal - Statistics Portugal
      
 

The unemployment rate stood at 6.6% and the labour underutilisation rate at 11.6%
Monthly Employment and Unemployment Estimates
The unemployment rate stood at 6.6% and the labour underutilisation rate at 11.6% - December 2023
31 January 2024

Summary

November 2023 (definitive estimates):

The active population (5,297.1 thousand people) decreased from October (1.1 thousand people, which corresponded to a nearly null relative change) and from August 2023 (2.0 thousand people, nearly null relative change), having increased from November 2022 (1.8%).

The employed population (4,949.3 thousand) increased from the previous month (0.1%) and from the same month of 2022 (1.7%) and decreased from three months before (0.3%).

The unemployed population (347.8 thousand) decreased from the month before (1.3%) and increased from three months before (3.7%) and from a year earlier (3.1%).

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

The inactive population (2,397.0 thousand) increased from October 2023 (0.2%) and from August of the same year (0.3%), having decreased compared to November 2022 (2.3%).

The labour underutilisation rate was estimated at 11.7%, down 0.1 pp from both the previous month and a year earlier and up 0.2 pp from three months before.

December 2023 (provisional estimates):

The active population (5,297.7 thousand) remained almost unchanged from November, having increased from September 2023 (0.2%) and from December 2022 (1.5%).

The employed population (4,950.3 thousand) has increased from the previous month (1.0%, nearly null relative change), from three months before (0.2%) and from the same month of 2022 (1.7%).

The unemployed population (347.4 thousand) remained almost unchanged from November 2023, having decreased from the other two comparing periods: 0.3% and 1.2%, respectively.

The unemployment rate remained at 6.6%, unchanged from the previous month and from three months before, having decreased from a year earlier (0.1 pp).

The inactive population (2,396.8 thousand) remained almost unchanged from the month before, having decreased by 0.2% from three months before and by 1.8% from a year earlier.

The labour underutilisation rate stood at 11.6%, down from September and November 2023 (0.1 pp, for both) and down from December 2022 (0.6 pp).


Press release
Download the document PDF (525 Kb)
Tables
Excel Excel (53 Kb)
ZIP CSV (4 Kb)