Euro Area Unemployment Rate  1995-2018 | Data | Chart | Calendar

The unemployment rate in the Euro Area came in at 8.2 percent in July of 2018, the same as in the previous month and the lowest rate since November of 2008. It came in line with market expectations. Unemployment Rate in the Euro Area averaged 9.73 percent from 1995 until 2018, reaching an all time high of 12.10 percent in March of 2013 and a record low of 7.30 percent in October of 2007.

Euro Area Unemployment Rate
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Euro Area Jobless Rate Lowest in Near 10 Years


The unemployment rate in the Euro Area came in at 8.2 percent in July of 2018, the same as in the previous month and the lowest rate since November of 2008. It came in line with market expectations. A year earlier, the unemployment rate was higher at 9.1 percent.

Considering the EU28, the unemployment rate edged down to 6.8 percent from 6.9 percent in June and from 7.6 percent in July 2017. This is the lowest rate since April of 2008. 

16.823 million people in the EU28, of whom 13.381 million in the Euro Area, were unemployed in July 2018, down by 82 000 in the EU28 and by 73 000 in the Euro Area from the previous month. Compared with July 2017, unemployment fell by 1.949 million in the EU28 and by 1.368 million in the Euro Area.

Among the Member States, the lowest unemployment rates in July 2018 were recorded in the Czech Republic (2.3 percent), Germany (3.4 percent) and Poland (3.5 percent). The highest unemployment rates were observed in Greece (19.5 percent in May 2018) and Spain (15.1 percent). Compared with a year ago, the unemployment rate fell in all Member States. The largest decreases were registered in Cyprus (from 10.7 percent to 7.7 percent), Greece (from 21.7 percent to 19.5 percent between May 2017 and May 2018), Portugal (from 8.9 percent to 6.8 percent) and Croatia (from 10.9 percent to 8.8 percent).


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
8/31/2018 9:38:13 AM


Recent Releases

Euro Area Jobless Rate Steady at 8.3% in June
The unemployment rate in the Euro Area remained unchanged at 8.3 percent in June of 2018, the same as the previous month’s revised figure and in line with market expectations. It remains the lowest jobless rate since December of 2008.
Published on 2018-07-31

Eurozone Unemployment Rate Unchanged at 9-1/2-Year Low
The unemployment rate in the Euro Area stood at to 8.4 percent in May 2018, unchanged from the previous month's revised figure and below 9.2 percent a year earlier. The jobless rate remained at its lowest level since December 2008, as the number of unemployed continued to fall.
Published on 2018-07-02

Euro Area Jobless Rate Drops to 8.5% in April
The unemployment rate in the Euro Area decreased slightly to 8.5 percent in April 2018, following an upwardly revised 8.6 percent in March and compared with market expectations of 8.4 percent. It remains the lowest the lowest jobless rate since December 2008, well below 9.2 percent a year earlier.
Published on 2018-05-31

Euro Area Jobless Rate Steady at 9-Year Low
The unemployment rate in the Euro Area was unchanged at 8.5 percent in March of 2018, the same as in February and in line with market expectations. It remains the lowest jobless rate since December of 2008, well below 9.4 percent a year earlier.
Published on 2018-05-02



Calendar GMT Actual Previous Consensus TEForecast
2018-07-02 09:00 AM Unemployment Rate 8.4% 8.4% 8.5% 8.5%
2018-07-31 09:00 AM Unemployment Rate 8.3% 8.3% 8.3% 8.4%
2018-08-31 09:00 AM Unemployment Rate 8.2% 8.2% 8.2% 8.3%
2018-10-01 09:00 AM Unemployment Rate 8.2% 8.2% 8.2%
2018-10-31 10:00 AM Unemployment Rate 8.1%
2018-11-30 10:00 AM Unemployment Rate 8.1%


Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.20 8.20 12.10 7.30 percent [+]
Unemployed Persons 13290.00 13370.00 19205.00 11404.00 Thousand [+]
Employed Persons 157.98 157.21 157.98 117.36 Million [+]
Long Term Unemployment Rate 4.10 4.10 6.30 2.70 percent [+]
Youth Unemployment Rate 16.60 16.80 24.70 14.80 percent [+]
Productivity 105.20 105.20 105.20 82.60 Index Points [+]
Labour Costs 113.70 102.60 114.00 85.10 Index Points [+]
Wage Growth 1.90 1.80 3.40 0.80 percent [+]
Population 340.72 339.88 340.72 260.38 Million [+]
Employment Change 0.40 0.40 0.80 -0.70 percent [+]
Part Time Employment 31244.60 31351.90 31473.80 19769.20 Thousand [+]
Labor Force Participation Rate 57.00 57.30 57.30 55.00 percent [+]
Full Time Employment 113841.70 114580.90 118899.50 107473.60 Thousand [+]
Retirement Age Men 64.36 64.27 64.36 62.24 [+]
Retirement Age Women 63.96 63.86 63.96 61.66 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
8.20 8.20 12.10 7.30 1995 - 2018 percent Monthly
SA




unemployment rate by Country
Country Last
South Africa 27.20 Jun/18
Spain 15.30 Jun/18
Brazil 12.30 Jul/18
Italy 10.40 Jul/18
Turkey 10.20 Jun/18
Argentina 9.60 Jun/18
France 9.10 Jun/18
Euro Area 8.20 Jul/18
Saudi Arabia 6.10 Mar/18
Canada 6.00 Aug/18
Australia 5.30 Aug/18
Indonesia 5.13 Mar/18
Russia 4.60 Aug/18
South Korea 4.20 Aug/18
United Kingdom 4.00 Jul/18
Netherlands 3.90 Aug/18
United States 3.90 Aug/18
China 3.83 Jun/18
India 3.52 Dec/17
Mexico 3.50 Jul/18
Germany 3.40 Jul/18
Japan 2.50 Jul/18
Switzerland 2.40 Aug/18
Singapore 2.10 Jun/18


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