Euro Area Long Term Unemployment Rate  Forecast


Long Term Unemployment Rate in Euro Area is expected to be 4.80 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 Euro Area to stand at 4.70 in 12 months time. In the long-term, the Euro Area Long Term Unemployment Rate is projected to trend around 4.40 percent in 2020, according to our econometric models.


Euro Area Long Term Unemployment Rate
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Euro Area Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 9.1 9.3 9.2 9.2 9.1 7.9
Unemployed Persons 14749 14800 14700 14600 14500 14200
Employed Persons 156 156 156 157 158 162
Long Term Unemployment Rate 4.7 4.8 4.7 4.7 4.7 4.4
Youth Unemployment Rate 19.1 18.2 18 17.8 17.6 15.1
Productivity 104 106 107 108 109 115
Labour Costs 111 103 114 99.3 111 120
Wages 1681 1840 1860 1880 1900 2030
Wage Growth 2 2 2.3 2.2 2.3 2.8
Population 341 341 341 343 343 346
Employment Change 0.4 0.4 0.5 0.5 0.4 0.6
Part Time Employment 31213 31300 31400 31400 31500 34200
Labor Force Participation Rate 56.8 57.4 57.6 57.8 57.9 60
Full Time Employment 111779 113600 113800 114200 114400 119000
Retirement Age Men 64.54 64.54 64.54 64.7 64.7 65
Retirement Age Women 64.32 64.32 64.32 64.5 64.5 65