Unemployment Rate in European Union increased to 7.40 percent in August from 7.30 percent in July of 2020.
Unemployment Rate in European Union averaged 9.16 percent from 2000 until 2020, reaching an all time high of 11.50 percent in February of 2013 and a record low of 6.50 percent in December of 2019. This page provides the latest reported value for - European Union Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. European Union Unemployment Rate - values, historical data and charts - was last updated on October of 2020.
Unemployment Rate in European Union is expected to be 8.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in European Union to stand at 8.40 in 12 months time. In the long-term, the European Union Unemployment Rate is projected to trend around 7.90 percent in 2021 and 7.30 percent in 2022, according to our econometric models.