The Euro Area seasonally-adjusted unemployment rate stood at 8.3 percent in February 2021, above market expectations of 8.1 percent and up from 7.3 percent a year earlier. The number of unemployed increased by 48 thousand from the previous month to 13.571 million. The youth unemployment rate, measuring job-seekers under 25 years old, edged down to 17.3 percent in February, from 17.4 percent in the previous month. Amongst the largest Euro Area economies, the highest jobless rates were recorded in Spain (16.1 percent), Italy (10.2 percent) and France (8.0 percent), while the lowest rates were recorded in the Netherlands (3.6 percent) and Germany (4.5 percent). source: EUROSTAT
Unemployment Rate in the Euro Area averaged 9.55 percent from 1995 until 2021, reaching an all time high of 12.10 percent in January of 2013 and a record low of 7.10 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 April of 2021.
Unemployment Rate in Euro Area is expected to be 9.10 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 8.50 percent in 2022 and 7.90 percent in 2023, according to our econometric models.