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Evening Edition

INE's Q1 2026 Quarterly LFS Bumps Unemployment to 6.1% After 38,700 Net Job Losses in Three Months — Subutilização Tips to 10.2%, Youth Joblessness Eases to 19.1%, Long-Term Unemployed Reach 35.6% as the Trabalho XXI Debate Opens at São Bento

INE's Q1 2026 Quarterly LFS Bumps Unemployment to 6.1% After 38,700 Net Job Losses in Three Months — Subutilização Tips to 10.2%, Youth Joblessness Eases to 19.1%, Long-Term Unemployed Reach 35.6% as the Trabalho XXI Debate Opens at São Bento

INE's Q1 2026 quarterly LFS lifts unemployment to 6.1% — up 0.3pp on Q4 and the first interruption in a year-long descent. Economy shed 38,700 net jobs in three months, subutilização tipped to 10.2%, 588,000 inside the underutilisation perimeter, youth jobless down to 19.1%, long-term at 35.6%.
The Portugal Brief
REN's April 2026 Balance Shows 60% Renewables Inside a 30.9% Hydro Collapse — Wind Carries 19% and Solar 14% as Natural Gas Output Jumps 66.6% to Cover the Hydric Gap, Net Imports Print at 26% of Consumption

REN's April 2026 Balance Shows 60% Renewables Inside a 30.9% Hydro Collapse — Wind Carries 19% and Solar 14% as Natural Gas Output Jumps 66.6% to Cover the Hydric Gap, Net Imports Print at 26% of Consumption

REN's April 2026 balance reads 60% renewables inside a 30.9% YoY collapse in renewable output. Hydro fell 49.3%, gas jumped 66.6% to cover the gap, solar climbed 37.4%, net imports held at 26% of consumption. YTD renewable share 76% but inside -4.7% renewable output.
The Portugal Brief
Cabinet Files the Final Trabalho XXI Text in the Assembleia After 50 Amendments — Fixed-Term Cap Restored to Three Years, Individual Hour Bank Returns at 50 Hours a Week, Father's Birth Leave Doubles to 14 Days, Parental Subsidy Splits at 90% and 100%

Cabinet Files the Final Trabalho XXI Text in the Assembleia After 50 Amendments — Fixed-Term Cap Restored to Three Years, Individual Hour Bank Returns at 50 Hours a Week, Father's Birth Leave Doubles to 14 Days, Parental Subsidy Splits at 90% and 100%

Cabinet sent the Trabalho XXI labour-reform proposal to parliament on Thursday with 50+ amendments to the August draft, 12 sourced from UGT. Fixed-term cap restored to three years, hour bank reinstated at 50 hours a week, father's birth leave doubles to 14 days, parental subsidy splits at 90/100%.
The Portugal Brief
AIMA Mission-Structure Walks 385,000 New Immigrant Files to Deferimento — Leitão Amaro Reads Parliament 933,000 Notifications, 568,000 Atendimentos and 458,000 Residence Cards Across Manifestação de Interesse, CPLP and the Regime Transitório

AIMA Mission-Structure Walks 385,000 New Immigrant Files to Deferimento — Leitão Amaro Reads Parliament 933,000 Notifications, 568,000 Atendimentos and 458,000 Residence Cards Across Manifestação de Interesse, CPLP and the Regime Transitório

Leitão Amaro told parliament Wednesday the AIMA mission-structure has deferred about 385,000 new immigrant files since June 2024 — 933,000 notifications, 568,000 atendimentos, 525,000 decisões, 51,622 indeferimentos and 458,000 cartões de residência. 98% of MI and 95% of CPLP cleared.
The Portugal Brief
PRO.VAR Walks the Restauração Tradicional Crisis File Back at the BdP Governor After His Five-Indicator Defense — Álvaro Santos Pereira's '69% Nominal Growth Since 2019' Reading Collides With the May 10 Publico Estruturalmente Débil Deep Dive

PRO.VAR Walks the Restauração Tradicional Crisis File Back at the BdP Governor After His Five-Indicator Defense — Álvaro Santos Pereira's '69% Nominal Growth Since 2019' Reading Collides With the May 10 Publico Estruturalmente Débil Deep Dive

PRO.VAR has rejected BdP Governor Álvaro Santos Pereira's five-indicator no-crisis reading of the restaurant sector, arguing the BdP aggregate masks the collapse of traditional restaurants — a debate sharpened by Publico's May 10 deep dive on the segment's structural fragility.
The Portugal Brief
Banco de Portugal Conselho de Auditoria Walks the Entrecampos Sede File Past the €192 Million Headline — Auditors Warn Acabamentos Push the Total Toward €235 Million and Demand Faster Sale of the Vacant Edificios to Pay the Bill

Banco de Portugal Conselho de Auditoria Walks the Entrecampos Sede File Past the €192 Million Headline — Auditors Warn Acabamentos Push the Total Toward €235 Million and Demand Faster Sale of the Vacant Edificios to Pay the Bill

The Conselho de Auditoria of the Banco de Portugal warned that the €191.99M Entrecampos sede contract with Fidelidade covers only the structural shell — acabamentos will push the total toward €235M, and the auditors want the central bank's vacant Lisbon real estate sold faster to pay for it.
The Portugal Brief
Gustavo Paulo Duarte Walks Into the CCP Presidency at the Centro Cultural de Belém on Wednesday Evening 13 May — Three-Year Mandate Closes the 16-Year Vieira Lopes Era at the Confederation Representing 60–70% of Portuguese GDP

Gustavo Paulo Duarte Walks Into the CCP Presidency at the Centro Cultural de Belém on Wednesday Evening 13 May — Three-Year Mandate Closes the 16-Year Vieira Lopes Era at the Confederation Representing 60–70% of Portuguese GDP

Gustavo Paulo Duarte was sworn in as president of the Confederação do Comércio e Serviços de Portugal at the Centro Cultural de Belém on Wednesday 13 May 2026, ending João Vieira Lopes's 16-year run at the patronal body for the sector that carries 60–70% of Portuguese GDP.
The Portugal Brief