FX.co ★ Portugal Jobless Rate Holds Steady at 5.8% in Q4 2025

Portugal’s unemployment rate remained unchanged at 5.8% in the fourth quarter of 2025, matching the level recorded in the previous quarter, according to data updated on 4 February 2026.

The jobless rate had already stood at 5.8% in the third quarter of 2025, and the latest figures indicate a period of stability in the Portuguese labour market. The flat reading suggests that, over the second half of 2025, employment conditions neither deteriorated nor improved markedly, pointing to a steady, if unspectacular, backdrop for households and businesses.

With unemployment holding at the same level for two consecutive quarters, investors and policymakers will be watching upcoming data releases closely for signs of whether this stability can be sustained or if shifting economic conditions in 2026 will start to move the labour market in a new direction.