Portugal Unemployment Rate

Portugal's unemployment rate inched up to 6.4% in February 2025 from 6.3% in the previous month, as the number of unemployed individuals increased by 4,800 to 354,200. At the same time, employment saw a modest rise, with the number of employed individuals growing by 2,100 to 5.16 million. Meanwhile, the labor underutilization rate, which accounts for the unemployed population, underemployed part-time workers, inactive individuals seeking employment but unavailable, and those available but not actively job-seeking, ticked up to 10.9% from 10.8%. Additionally, the employment rate dipped slightly to 64.5% from 64.6%, while the labor force participation rate edged up to 69.0% from 68.9%.