The seasonally-adjusted unemployment rate in the Euro Area edged down to 6.5% in April 2023, the lowest rate on record and coming in line with market expectations. The latest figure represented a drop from last year's rate of 6.7% and pointed to a tight labor market. The number of unemployed declined by 33 thousand from a month earlier to 11.088 million, the lowest level since comparable records began in 1995. The youth unemployment rate, measuring job-seekers under 25 years old, edged down to 13.9% in April from 14% in March. Amongst the largest Euro Area economies, the lowest jobless rate was recorded in Germany (2.9%), while the highest rates were registered in Spain (12.7%), Italy (7.8%) and France (7%). source: EUROSTAT

Unemployment Rate in Euro Area averaged 9.39 percent from 1995 until 2023, reaching an all time high of 12.20 percent in January of 2013 and a record low of 6.50 percent in April of 2023. 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 June of 2023.

Unemployment Rate in Euro Area is expected to be 6.60 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 7.30 percent in 2024 and 7.00 percent in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Euro Area Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-05-03 09:00 AM Mar 6.5% 6.6% 6.6% 6.6%
2023-06-01 09:00 AM Apr 6.5% 6.6% 6.5% 6.5%
2023-06-30 09:00 AM May 6.5%


Related Last Previous Unit Reference
Unemployment Rate 6.50 6.60 percent Apr 2023
Unemployed Persons 10973.00 11005.00 Thousand Apr 2023
Long Term Unemployment Rate 2.50 2.60 percent Dec 2022
Youth Unemployment Rate 13.90 14.00 percent Apr 2023
Labour Costs 126.30 113.40 points Dec 2022
Productivity 104.59 105.09 points Dec 2022
Wages 2066.00 2036.00 EUR/Month Dec 2022
Wage Growth 5.10 3.00 percent Dec 2022
Population 342.89 342.56 Million Dec 2022
Employment Change 0.60 0.30 percent Mar 2023
Labor Force Participation Rate 74.70 74.80 percent Dec 2022
Part Time Employment 30979.70 31480.30 Thousand Sep 2022
Full Time Employment 120744.00 119698.70 Thousand Sep 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 - 2023 percent Monthly
SA

News Stream
Eurozone Jobless Rate Hits New Record Low
The seasonally-adjusted unemployment rate in the Euro Area edged down to 6.5% in April 2023, the lowest rate on record and coming in line with market expectations. The latest figure represented a drop from last year's rate of 6.7% and pointed to a tight labor market. The number of unemployed declined by 33 thousand from a month earlier to 11.088 million, the lowest level since comparable records began in 1995. The youth unemployment rate, measuring job-seekers under 25 years old, edged down to 13.9% in April from 14% in March. Amongst the largest Euro Area economies, the lowest jobless rate was recorded in Germany (2.9%), while the highest rates were registered in Spain (12.7%), Italy (7.8%) and France (7%).
2023-06-01
Eurozone Jobless Rate Hits Fresh Record Low
The seasonally-adjusted unemployment rate in the Euro Area decreased slightly to 6.5 percent in March 2023, marking the lowest rate on record and coming in just below market expectations of 6.6 percent. This latest figure represented a drop from last year's rate of 6.8 percent and reflected a tight labor market. Coupled with high inflation, this trend gives the European Central Bank more leeway for policy tightening. The number of unemployed declined by 121 thousand from a month earlier to 11.010 million, the lowest level since comparable records began in 1995. The youth unemployment rate, measuring job-seekers under 25 years old, edged down to 14.3 percent in March from 14.4 percent in February. Amongst the largest Euro Area economies, the highest jobless rates were recorded in Spain (12.8 percent), Italy (7.8 percent) and France (6.9 percent), while the lowest rates were recorded in the Netherlands (3.5 percent) and Germany (2.8 percent).
2023-05-03
Eurozone Jobless Rate Steady at Record Low
The Euro Area seasonally-adjusted unemployment rate stood at a record low of 6.6% in February 2023, unchanged from January and slightly below market estimates of 6.7%. A year earlier, it was higher at 6.8%. The number of unemployed decreased by 59 thousand from a month earlier to 11.142 million. Meanwhile, the youth unemployment rate, measuring job-seekers under 25 years old, was steady at 14.4%. Amongst the largest Euro Area economies, the lowest jobless rate was recorded in Germany (2.9%), while the highest rates were registered in Spain (12.8%), Italy (8%) and France (7%).
2023-03-31