The Euro Area seasonally-adjusted unemployment rate increased to 8.1 percent in August 2020 from an upwardly revised 8 percent in the previous month and matching market expectations. It was the highest jobless rate since July 2018, as the coronavirus pandemic hit the labour market. The number of unemployed persons rose by 251 thousand to 13.188 million, despite temporary government job-support programs and the relaxation of some containment measures. Among the bloc's largest economies, the highest jobless rates were recorded in Spain (16.2 percent), Italy (9.7 percent), and France (7.5 percent) while the lowest was observed in Germany (4.4 percent). The youth unemployment rate, measuring job seekers aged 15 to 24, went up to 18.1 percent from 17.8 percent in July. Considering the European Union as a whole, the jobless rate was at 7.4 percent in July, up from 7.3 percent in the prior month. source: Eurostat

Unemployment Rate in the Euro Area averaged 9.56 percent from 1995 until 2020, reaching an all time high of 12.10 percent in April of 2013 and a record low of 7.20 percent in March of 2020. This page provides the latest reported value for - Euro Area Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Unemployment Rate in Euro Area is expected to be 9.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Euro Area to stand at 9.00 in 12 months time. In the long-term, the Euro Area Unemployment Rate is projected to trend around 8.80 percent in 2021 and 8.40 percent in 2022, according to our econometric models.

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Euro Area Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.10 8.00 12.10 7.20 1995 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-02 09:00 AM May 7.4% 7.3% 7.7% 7.7%
2020-07-30 09:00 AM Jun 7.8% 7.7% 7.7% 7.8%
2020-09-01 09:00 AM Jul 7.9% 7.7% 8% 8%
2020-10-01 09:00 AM Aug 8.1% 8% 8.1% 8.2%
2020-10-30 10:00 AM Sep 8.1% 8.3% 8.6%
2020-12-02 10:00 AM Oct


News Stream
Eurozone Jobless Rate Rises to Over 2-Year High
The Euro Area seasonally-adjusted unemployment rate increased to 8.1 percent in August 2020 from an upwardly revised 8 percent in the previous month and matching market expectations. It was the highest jobless rate since July 2018, as the coronavirus pandemic hit the labour market. The number of unemployed persons rose by 251 thousand to 13.188 million, despite temporary government job-support programs and the relaxation of some containment measures. Among the bloc's largest economies, the highest jobless rates were recorded in Spain (16.2 percent), Italy (9.7 percent), and France (7.5 percent) while the lowest was observed in Germany (4.4 percent). The youth unemployment rate, measuring job seekers aged 15 to 24, went up to 18.1 percent from 17.8 percent in July. Considering the European Union as a whole, the jobless rate was at 7.4 percent in July, up from 7.3 percent in the prior month.
2020-10-01
Eurozone Jobless Rate Rises to Over 1-1/2-Year High
The Euro Area seasonally-adjusted unemployment rate rose to 7.9 percent in July 2020 from a downwardly revised 7.7 percent in the previous month but slightly below market expectations of 8 percent. It was the highest jobless rate since November 2018, as the coronavirus pandemic hit the labor market. The number of unemployed persons increased by 344 thousand to 12.793 million, despite temporary government job-support programs and the relaxation of some containment measures. Among the bloc's largest economies, the highest jobless rates were recorded in Spain (15.8 percent), Italy (9.7 percent), and France (6.9 percent) while the lowest was observed in Germany (4.4 percent). The youth unemployment rate, measuring job seekers aged 15 to 24, went up to 17.3 percent from 17.2 percent in June. Considering the European Union as a whole, the jobless rate was 7.2 percent in July, up from 7.1 percent in the prior month.
2020-09-01
Eurozone Jobless Rate Rises to Over 1-Year High
The Euro Area seasonally-adjusted unemployment rate increased to 7.8 percent in June 2020 from an upwardly revised 7.7 percent in the previous month and above market expectations of 7.7 percent. It was the highest jobless rate since February last year amid the coronavirus crisis. The number of unemployed persons rose by 203 thousand to 12.685 million, with several countries across the bloc remaining under COVID-19 containment measures. Among the bloc's largest economies, the highest jobless rates were recorded in Spain (15.6 percent), Italy (8.8 percent), and France (7.7 percent) while the lowest was observed in Germany (5.8 percent). The youth unemployment rate, measuring job seekers aged 15 to 24, went up to 17 percent from 16.5 percent in May. Considering the European Union as a whole, the jobless rate was 7.1 percent in June, up from 7.0 percent in the prior month.
2020-07-30
EA Jobless Rate Stays Low Amid Government Support
The Euro Area seasonally-adjusted unemployment rate edged up to 7.4 percent in May 2020, remaining close to March's record low of 7.1 percent and below market expectations of 7.7 percent, as the governments' measures to protect jobs during the coronavirus crises along with an increase in the number of inactive people due to the coronavirus crisis have been supporting the labor market. The number of unemployed persons increased by 159 thousand to 12.146 million, with most countries across the bloc remaining under COVID-19 containment measures. Among the bloc's largest economies, the highest jobless rates were recorded in Spain (14.5 percent), France (8.1 percent) and Italy (7.8 percent), while the lowest was observed in Germany (3.9 percent). The youth unemployment rate, measuring job seekers aged 15 to 24, went up to 16.0 percent from 15.7 percent in April. Considering the European Union as a whole, the jobless rate was 6.7 percent in May, up from 6.6 percent in April.
2020-07-02

Euro Area Unemployment Rate
In Euro Area, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.