FX.co ★ Portugal Jobless Rate Steady at 6.3% in May

In May 2025, Portugal's unemployment rate remained unchanged at 6.3%, marking the lowest level in a year. The number of unemployed decreased by 900, bringing the total to 348,900, while the employed workforce declined by 12,600 to 5.206 million. The employment rate dropped slightly to 6.49% from April's 65.1%, and the labor force participation rate edged down to 69.2% from 69.5%. Additionally, the labor underutilization rate, which includes the unemployed, underemployed part-time workers, inactive individuals seeking work but not currently available, and those available but not actively seeking, decreased to 10.5% from April's 10.6%.