In the third quarter of 2026, there were 59,000 more people employed in Portugal compared to the same period in 2025. While total employment rose, the pace of growth slowed compared to previous quarters, and the unemployment rate stood at 5.5%.
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The 2027 State Budget allocates 4.1 million euros to increase teacher training capacity, focusing on master's degrees and professionalization courses. The plan includes the creation of 3,020 additional training slots by 2030 and provides financial incentives to institutions for graduates in areas with teacher shortages, such as primary education, Portuguese, and Mathematics.
The Minister of Finance stated that although economic performance in the third quarter of 2026 was slightly lower than anticipated, the government maintains its projection of 2.3% growth for the year. This statement was made during a conference regarding the 2027 State Budget.
A new OECD Pensions Outlook report identifies Portugal as one of nine countries among 41 analyzed where the public pension for a full-career worker with an average salary replaces at least 70% of their final gross salary. In net terms, taking disposable income into account, this replacement rate exceeds 90% in Portugal, though the report advises those with lower incomes to seek additional savings.