FX.co ★ Portugal Unemployment Holds at 24-Year Low in June

Portugal's unemployment rate was unchanged at 5.6% in June 2026, remaining at its lowest level since early 2002. The gender disparity persisted, with unemployment at 6.3% for women versus a record-low 4.9% for men. The unemployment rate among adults held at 4.6%, while youth unemployment stood at 18.9%. The number of unemployed rose marginally by 900 to 316,600, whereas employment decreased by 13,700 to 5.35 million. Consequently, the employment rate dipped to 66.2% from 66.5%, and the labor force participation rate eased to 70.2% from 70.4%. At the same time, the broader labor underutilization rate—which encompasses unemployed, underemployed, and marginally attached workers—edged down to 9.3% from 9.4%.