Latest news and stories about labor market in finance in Portugal for expats and residents.
Switching jobs historically offered strong protection against inflation, but current market stagnation has eroded this advantage, making job changes increasingly costly and less beneficial for workers.
The Bank of Portugal reports that net migration of foreign nationals dropped by over fifty percent in 2025, falling from 13,200 to 6,200 people per month.
In an effort to curb costs and adapt to the AI era, the tech company is promoting a voluntary redundancy programme aimed at over 25% of its total workforce.
Alexandra Andrade discusses the impact of labour shortages on business growth.
If we want to anticipate how technology can help Portugal and other European countries face the demographic winter coming in the next decades, Japan is a living laboratory we should observe. Rather than leading to economic collapse, Japan's population decline has forced companies to increase productivity through robotisation. Lessons from Japan suggest that technology does not just replace human labour; it can make it more productive and even more 'human' by offloading repetitive tasks to machines, allowing professionals to focus on human connection. Consequently, this challenges the notion that AI will eliminate the need for immigration, as Europe will still require human expertise in fields like healthcare where the human touch remains essential.
Although concerns about job losses dominate the debate surrounding AI, the Managing Director of the International Monetary Fund highlighted that the technology's initial economic impact has emerged through an increase in demand and investment.
In just five years, the investment made by retail sector employers in training their workers has grown by almost 66%, reaching 40.9 million euros. According to a new study released this Wednesday by the Portuguese Association of Distribution Companies (APED), each worker in this sector completed, on average, 45 hours of training in...
In August 2026, the unemployment rate for women (6.3%) exceeded that of men (5.2%).
Portugal has potential, good companies, talent, and knowledge. Transforming these assets into growth is the great challenge.
The number of workers on 'lay-off' fell 5.5% in July year-on-year, but rose 37.7% compared to June, following three consecutive months of decline, totalling 3,759, according to data released by Social Security. In July, the total number of 'lay-off' situations with compensatory pay (normal grant, in accordance with the provisions of...)
The number of couples in which both spouses are unemployed has remained stable. On the mainland, the IEFP currently has 260,408 unemployed people registered.
DN reports that the average net salary of politicians and managers soared by more than 17% in the second quarter of this year. Meanwhile, abroad, The Guardian highlights the return of Prince Harry and Meghan.
The number of workers whose net salary exceeds three thousand euros per month quadrupled between 2016 and 2026, according to an analysis released by Randstad. According to the human resources consultancy, the majority of these employees are male, and more than six out of every ten of these workers are in Greater Lisbon and Porto.
US Secretary of Defense Pete Hegseth has sparked controversy by mandating testosterone testing for military personnel over 30, framing it as a longevity initiative. However, experts argue that true longevity is about extending healthy life years rather than just biological interventions. In Portugal, where life expectancy has risen significantly, experts like Professor Celine Abecassis-Moedas emphasize the need for a 'silver economy' strategy. She highlights that companies must shift their mindset to value older workers, as demographic shifts make intergenerational teams a competitive necessity rather than just a social responsibility.
Youth unemployment rate is close to 20%
The right blames Spain for the extraordinary legalisation of immigrants. It turns out that immigrants are necessary to keep an economy running that grew by 2.7% in the second quarter of 2026. A column by Ana Sá Lopes.
The unemployment rate stood at 5.6%, the same as the figure for May, but lower than that of March 2026 and June 2025. The labour underutilisation rate was the lowest since 2011.
The unemployment rate, estimated at 5.6% in May and June 2026, reached its lowest level since February 2002, when it was at the same value.
The number of employees aged 65 and older continues to rise in Portugal.
The International Monetary Fund (IMF) considers that the Single Social Benefit (PSU) proposed by the Government will allow for a simplification of support, while simultaneously strengthening work incentives. The position is defended on the day that Parliament votes on the measure in committee. “The Single Social Benefit, recently proposed by the Government, should simplify...
Wage compression in the private sector may discourage workers and harm the economy's productivity. The difference between the minimum and median wage is about 100 euros.
Portugal faces significant challenges in recruiting skilled labour compared to other European Union member states.
The number of beneficiaries fell for the third consecutive month to 184,148, the lowest figure in six months. The average monthly unemployment benefit rose by 8.4% to 752 euros.
Portugal ranks among the European Union countries with the longest average working hours.
A study also shows that the average full-time adjusted salary in Portugal was 2,068.2 euros in 2024.
Portugal ranks seventh among EU member states for employment rates within the 25 to 29 age demographic.
In a year marked by external shocks, war in the Middle East, and tariff uncertainty, the national labour market is performing surprisingly well, with the Public Finance Council (CFP) projecting employment growth of 1.4% this year—0.5 percentage points above the 0.9% anticipated in September—with the unemployment rate...
