Finance: Employment news in Portugal

The murky time bank

Isabel is a business owner and Hugo is a workshop manager. How two bosses experience a strike day

UGT decides today on the direction of labour law amendments

UGT will "almost certainly" join CGTP and reject agreement on labour law changes

Labour law: Social concertation was part I, to continue this Friday

Government reverses course on rules for fixed-term youth employment

Employers' confederations accuse UGT of bad faith

Eight months later, what has changed in the labour law revision proposal? Discover the differences

From contracts to dismissals, social partners meet again to attempt an agreement on the new labour law

Meeting between government, UGT and employers ends without agreement

We have already had individual time banks and I do not recall any abuses

X-ray of the financial sector: people first

Labour Shortage Forces Companies to Consider Senior Workers

"Labour law helps, but it is not the determining factor" for improving salaries

French investor saves Claire's stores and 200 jobs in Portugal

Unemployment remains at 5.6% in September, but records a year-on-year decline

The unemployment rate remained at 5.6% in September, the same as the previous month. Compared to September 2025, there is a decrease of 0.3 percentage points (p.p.), according to data from Statistics Portugal (INE). Quick estimates released this Thursday, September 29, indicate that unemployment stood at 5.6%. This coincides with the revelation in the same report that the indicator recorded the same rate in August. In September, the unemployed population stood at 313,000 people (1.6% less than the previous month and 4.9% less than in September of last year). The labor underutilization rate was estimated at 9.6%, the same as in August, representing a decrease of 0.4 p.p. compared to September 2025. Unemployment remained at 5.7% in August, lower than a year ago.

Unemployment steady at 5.6% in September, but employed population in decline

In September, the unemployment rate remained unchanged, but the employed population has been falling since May of this year

Stable labour market. Unemployment rate remains at 5.6%

In September, for the second consecutive month, the unemployment rate stood at 5.6%, according to data released this Thursday by the National Statistics Institute (INE). The employed population increased compared to last year but decreased in comparison to August, now totalling approximately 5.3 million people. The unemployment rate stood at...

The real cost of working in Portugal revealed

Owner of Correio da Manhã proceeds with collective redundancy in the graphics department

Medialivre, owner of Correio da Manhã, Record, Sábado, and Jornal de Negócios, is proceeding with a collective redundancy in its graphics department. The information was confirmed to ECO/+M by an official source from the company, although without providing details. 'The evolution of the media market, with the decrease in the consumption of print media...'

Randstad Portugal launches business unit specialising in trade marketing

Randstad Portugal introduces a new dedicated service area focused on trade marketing solutions.

Jornal Económico24 Oct

European automotive components industry lost nearly 19,000 jobs in the first half of the year

This marks the third consecutive year of significant workforce reductions in this industry, which, according to the sector's European association, could lose 15,000 jobs for every percentage point of external dependence in the assembly of new vehicles.

Job creation in companies slows to 2.3% in 2025 for the second consecutive year

The pace of job creation within the business sector continues to decelerate, settling at 2.3% in 2025. This indicator contrasts with sharper growth in previous years, which reached 3.7% in 2024 and 4.7% in 2023, according to data released by Informa D&B this Friday. The report indicates that only 19% of organisations expanded their workforce over the last year, a one percentage point decrease compared to 2024. Conversely, the proportion of companies reducing staff rose from 15% to 16%. The vast majority, 65%, reported no change in their headcount. The construction sector led job creation with a 5.7% expansion, while the manufacturing industry saw a modest 1% increase. Agriculture and natural resources was the only sector to report job losses, with a 2.7% decline. Employment is expected to rise by 36% in construction, while automation justifies further staff reductions.

Alexandra Andrade: "Many companies are not growing due to a lack of workers"

Alexandra Andrade discusses the impact of labour shortages on business growth.

Consulting firm Bain plans to hire nearly 50 people in Portugal by the end of 2027

International consulting firm Bain & Company intends to hire nearly 50 people for its Lisbon office to reach 150 employees in Portugal by the end of next year. The firm, which provides strategic advice to organizations and investment funds, aims to grow across all departments, from consulting to technology.

UTAO questions employment growth forecasts

A preliminary analysis of the 2027 draft state budget indicates that the 1.4% employment growth forecast for next year is difficult to reconcile with the slowdown in net immigration.

Slowdown in immigration casts doubt on Government's 2027 employment forecast

The Technical Budget Support Unit (UTAO) has questioned the Government's projections for 2027 employment growth and price developments. In its analysis of the 2027 State Budget proposal, the UTAO states that the forecast of 1.4% job growth is difficult to reconcile with the recent slowdown in net immigration. The unit also warns that the Government's inflation forecast appears inconsistent with its technical assumptions regarding oil prices, and notes risks associated with the energy shock. While the economic growth estimates for 2026 are considered compatible with recent data, the UTAO highlights that the 2027 outlook relies on sustained increases in labour market participation and continued positive migration balances.

Number of unemployed registered at the IEFP falls after two months of increases

The number of unemployed people registered with the Institute for Employment and Vocational Training (IEFP) centres decreased in September, both month-on-month and year-on-year, according to data released this Tuesday. Since July, the total number of individuals without work had been rising, with the ninth month of the year marking a reversal of that trend.