The unemployment rate in the Euro Area fell to a new record low of 6.5% in October of 2022 from 6.6% in the prior month, slightly below market estimates of 6.6%. It compares with a much higher jobless rate of 7.3% in the corresponding period of 2021, as economic stimulus and growth-oriented policy supported the labor market's recovery from the pandemic. There were 10.872 million unemployed persons in October, 142 thousand less than in the previous month. source: EUROSTAT

Unemployment Rate in the Euro Area averaged 9.44 percent from 1995 until 2022, reaching an all time high of 12.20 percent in January of 2013 and a record low of 6.50 percent in October of 2022. 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 December of 2022.

Unemployment Rate in Euro Area is expected to be 7.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Unemployment Rate is projected to trend around 7.50 percent in 2023 and 7.30 percent in 2024, according to our econometric models.

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Euro Area Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-11-03 10:00 AM Sep 6.6% 6.7% 6.6% 6.7%
2022-12-01 10:00 AM Oct 6.5% 6.6% 6.6% 6.9%


Related Last Previous Unit Reference
Unemployment Rate 6.50 6.60 percent Oct 2022
Unemployed Persons 10872.00 11014.00 Thousand Oct 2022
Long Term Unemployment Rate 2.70 2.90 percent Jun 2022
Youth Unemployment Rate 14.60 14.40 percent Sep 2022
Labour Costs 119.20 108.70 points Jun 2022
Productivity 103.92 103.98 points Jun 2022
Wages 2031.00 2000.00 EUR/Month Jun 2022
Wage Growth 4.10 3.70 percent Jun 2022
Population 342.56 342.41 Million Dec 2021
Employment Change 0.20 0.40 percent Sep 2022
Part Time Employment 31480.30 31038.00 Thousand Jun 2022
Labor Force Participation Rate 74.70 74.20 percent Jun 2022
Full Time Employment 119698.70 118014.70 Thousand Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
6.50 6.60 12.20 6.50 1995 - 2022 percent Monthly
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News Stream
Euro Area Jobless Rate Falls to Fresh Record-Low
The unemployment rate in the Euro Area fell to a new record low of 6.5% in October of 2022 from 6.6% in the prior month, slightly below market estimates of 6.6%. It compares with a much higher jobless rate of 7.3% in the corresponding period of 2021, as economic stimulus and growth-oriented policy supported the labor market's recovery from the pandemic. There were 10.872 million unemployed persons in October, 142 thousand less than in the previous month.
2022-12-01
Euro Area Unemployment Falls to Record-Low
The unemployment rate in the Euro Area fell to a record low of 6.6% in September of 2022 from an upwardly revised 6.7% in the prior month, in line with market estimates. It compares with a much higher jobless rate of 7.3% in the corresponding period of 2021, as ample stimulus and growth-oriented policy supported the labor market's recovery from the pandemic. There were 10.988 million unemployed persons in September, 66 thousand less than in the previous month. In the meantime, youth unemployment rose by 25 thousand to 2.241 million, pushing the rate to 14.6% from 14.4%. Among the largest economies, the unemployment rate fell in France (7.1% vs 7.3% in August) and remained steady in Germany (at 3%) and Italy (at 7.9%).
2022-11-03
Euro Area Jobless Rate Stable at Record Low
The unemployment rate in the Euro Area was unchanged at 6.6% for a second consecutive month in August of 2022, a record low reading and in line with market forecasts. A year earlier, the jobless rate was much higher at 7.5 percent. There were 10.966 million unemployed persons, down by 30 thousand from July. Youth unemployment also declined by 17 thousand to 2.136 million, pushing the rate down to 13.9 percent from 14.0 percent in July. Among the biggest economies in the Eurozone, declines in the jobless rate were seen in France (7.3 percent vs 7.4 percent) and Italy (7.8 percent vs 7.9 percent) while the jobless rate was steady at 3.0 percent in Germany.
2022-09-30