Long Term Unemployment Rate in European Union increased to 2.40 percent in the third quarter of 2020 from 2 percent in the second quarter of 2020. source: EUROSTAT

Long Term Unemployment Rate in European Union averaged 3.98 percent from 2005 until 2020, reaching an all time high of 5.70 percent in the first quarter of 2014 and a record low of 2 percent in the second quarter of 2020. This page provides - European Union Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. European Union Long Term Unemployment Rate - values, historical data and charts - was last updated on May of 2021.

Long Term Unemployment Rate in European Union is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in European Union to stand at 3.50 in 12 months time. In the long-term, the European Union Long Term Unemployment Rate is projected to trend around 3.10 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

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European Union Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.00 5.70 2.00 2005 - 2020 percent Quarterly

European Union Labour Last Previous Highest Lowest Unit
Unemployed Persons 15520.00 15953.00 24146.00 13493.00 Thousand [+]
Long Term Unemployment Rate 2.40 2.00 5.70 2.00 percent [+]
Labour Costs 117.60 106.90 117.60 83.00 points [+]
Employed Persons 192164.00 191608.00 195220.00 170598.00 Thousand [+]
Employment Change 0.40 0.90 0.90 -2.70 percent [+]
Full Time Employment 157457.10 157818.20 160627.20 146066.10 Thousand [+]
Labor Force Participation Rate 57.00 57.10 57.70 55.60 percent [+]
Part Time Employment 34832.60 34500.70 35921.60 31016.50 Thousand [+]
Population 447.32 446.45 447.32 354.53 Million [+]
Productivity 105.00 104.00 105.00 75.50 points [+]
Retirement Age Men 64.28 64.21 64.28 62.57 [+]
Retirement Age Women 63.44 63.31 63.44 61.24 [+]
Unemployment Rate 7.30 7.40 11.50 6.40 percent [+]
Wage Growth 3.70 2.40 5.00 1.00 percent [+]
Youth Unemployment Rate 17.10 17.20 24.90 14.70 percent [+]


European Union Long Term Unemployment Rate
In the European Union, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.