The Euro Area seasonally-adjusted unemployment rate dropped to 8.1 percent in March of 2021 from 8.2 percent in the prior month and below market expectations of 8.3 percent. The number of unemployed declined by 209 thousand from the previous month to 13.166 million. The youth unemployment rate, measuring job-seekers under 25 years old, edged down to 17.2 percent in March, from 17.3 percent in the previous month. Amongst the largest Euro Area economies, the lowest jobless rates were registered in the Netherlands (3.5 percent ) and Germany (4.5 percent), while the highest rates were recorded in Spain (15.3 percent), Italy (10.1 percent) and France (7.9 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 May 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.

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Euro Area Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.10 8.20 12.10 7.10 1995 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-01 10:00 AM Dec 8.3% 8.3% 8.3% 8.3%
2021-03-04 10:00 AM Jan 8.1% 8.1% 8.3% 8.4%
2021-04-06 09:00 AM Feb 8.3% 8.3% 8.1% 8.2%
2021-04-30 09:00 AM Mar 8.1% 8.2% 8.3% 8.4%
2021-06-01 09:00 AM Apr 8.1%
2021-07-01 09:00 AM May
2021-07-30 09:00 AM Jun
2021-09-01 09:00 AM Jul


News Stream
Eurozone March Jobless Rate Unexpectedly Falls
The Euro Area seasonally-adjusted unemployment rate dropped to 8.1 percent in March of 2021 from 8.2 percent in the prior month and below market expectations of 8.3 percent. The number of unemployed declined by 209 thousand from the previous month to 13.166 million. The youth unemployment rate, measuring job-seekers under 25 years old, edged down to 17.2 percent in March, from 17.3 percent in the previous month. Amongst the largest Euro Area economies, the lowest jobless rates were registered in the Netherlands (3.5 percent ) and Germany (4.5 percent), while the highest rates were recorded in Spain (15.3 percent), Italy (10.1 percent) and France (7.9 percent).
2021-04-30
Eurozone February Jobless Rate Above Forecasts
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).
2021-04-06
Euro Area Jobless Rate Steady at 7-Month Low
The unemployment rate in the Euro Area was unchanged at 8.1 percent in January of 2021, the same as a downwardly revised 8.1 percent in December and remaining the lowest since June 2020. Figures came in below market expectations of 8.3 percent and compare with 7.4 percent a year earlier. The number of unemployed edged up by 8 thousand from the previous month to 13.282 million. Youth unemployment rate, measuring job-seekers under 25 years old, went down to an eight-month low of 17.1 percent in January from 17.2 percent in the previous month. Amongst the largest Euro Area economies, the highest jobless rates were recorded in Spain (16 percent), and France (7.9 percent), while the lowest rates were recorded in the Netherlands (3.6 percent) and Germany (4.6 percent).
2021-03-04
Euro Area Jobless Rate Steady at 8.3%
The Euro Area seasonally-adjusted unemployment rate stood at 8.3 percent in December 2020, in line with market expectations and compare with 7.4 percent a year earlier. The number of unemployed edged up by 55 thousand from the previous month to 13.616 million. Youth unemployment rate, measuring job-seekers under 25 years old, rose to 18.5 percent in December, from 18.1 percent in the previous month. Amongst the largest Euro Area economies, the highest jobless rates were recorded in Spain (16.2 percent), Italy (9 percent), France (8.9 percent), while the lowest rates were recorded in the Netherlands (3.9 percent) and Germany (4.6 percent).
2021-02-01

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.