The unemployment rate in the Euro Area fell to a record low of 6.8% in March of 2022 from an upwardly revised 6.9% in February and from 8.2% in March 2021, slightly above market forecasts of 6.7%. There were 11.274 million unemployed persons, down by 76K from February. Youth unemployment also declined by 17K to 2.098 million, pushing the rate down to 13.9% from 14% in February. Among the biggest economies in the Eurozone, declines in the jobless rate were seen in Germany (2.9% vs 3%), Italy (8.3% vs 8.5%) while the jobless rate was steady at 7.4% in France. source: EUROSTAT

Unemployment Rate in the Euro Area averaged 9.48 percent from 1995 until 2022, reaching an all time high of 12.10 percent in January of 2013 and a record low of 6.80 percent in March 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 May of 2022.

Unemployment Rate in Euro Area is expected to be 6.90 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 6.70 percent in 2023 and 6.50 percent in 2024, according to our econometric models.

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Euro Area Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-31 09:00 AM Feb 6.8% 6.9% 6.7% 6.8%
2022-05-03 09:00 AM Mar 6.8% 6.9% 6.7% 6.8%
2022-06-01 09:00 AM Apr 6.8%


Related Last Previous Unit Reference
Unemployment Rate 6.80 6.90 percent Mar 2022
Unemployed Persons 11274.00 11350.00 Thousand Mar 2022
Long Term Unemployment Rate 3.20 3.30 percent Sep 2021
Youth Unemployment Rate 13.90 14.00 percent Mar 2022
Productivity 104.60 104.33 points Dec 2021
Labour Costs 118.70 107.50 points Dec 2021
Wages 1963.00 1900.00 EUR/Month Sep 2021
Wage Growth 1.50 2.20 percent Dec 2021
Population 342.41 341.52 Million Dec 2020
Employment Change 0.50 0.40 percent Mar 2022
Full Time Employment 117967.10 118180.50 Thousand Dec 2021
Part Time Employment 31353.60 30850.70 Thousand Dec 2021
Labor Force Participation Rate 74.50 73.60 percent Sep 2021

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
6.80 6.90 12.10 6.80 1995 - 2022 percent Monthly
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News Stream
Eurozone Jobless Rate Hits Record Low
The unemployment rate in the Euro Area fell to a record low of 6.8% in March of 2022 from an upwardly revised 6.9% in February and from 8.2% in March 2021, slightly above market forecasts of 6.7%. There were 11.274 million unemployed persons, down by 76K from February. Youth unemployment also declined by 17K to 2.098 million, pushing the rate down to 13.9% from 14% in February. Among the biggest economies in the Eurozone, declines in the jobless rate were seen in Germany (2.9% vs 3%), Italy (8.3% vs 8.5%) while the jobless rate was steady at 7.4% in France.
2022-05-03
Eurozone Jobless Rate Above Forecasts
The unemployment rate in the Euro Area fell to a record low of 6.8% in February of 2022 from an upwardly revised 6.9% in January and from 8.2% in February 2021, but above market forecasts of 6.7%. There were 11.155 million unemployed persons, down by 181K from January. Youth unemployment also declined by 26K to 2.101 million, pushing the rate down to 14% from an upwardly revised 14.3%. Among the biggest economies in the Eurozone, declines in the jobless rate were seen in Spain (12.6% vs 12.8%), Italy (8.5% vs 8.6%) and France (7.4% vs 7.5%).
2022-03-31
Eurozone Jobless Rate Falls More than Expected
The unemployment rate in the Euro Area fell to a record low of 6.8% in January of 2022 from 7% in December and from 8.3% in January 2021, and below market forecasts of 6.9% as the recovery in the labour market gains steam as countries started to ease Omicron restrictions. There were 11.225 million unemployed persons, down by 214K from December. Youth unemployment also declined by 52K to 2.038 million, pushing the rate down to 13.9% from 14.2%. Among the biggest economies in the Eurozone, declines in the jobless rate were seen in Germany (3.1% vs 3.2%), Spain (12.7% vs 13%), Italy (8.8% vs 9%) and France (7% vs 7.2%).
2022-03-03