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

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. Unemployment Rate in the Euro Area averaged 9.74 percent from 1995 until 2018, reaching an all time high of 12.10 percent in February of 2013 and a record low of 7.30 percent in October of 2007.

Euro Area Unemployment Rate
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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.

Compared with April, the number of unemployed in the Euro Area decreased by 125,000 to 13.656 million. Compared with the previous year, it fell by 1.252 million.

Considering the European Union, the unemployment rate stood at 7 percent in May, stable compared to the previous month and down from 7.7 percent a year ago. It was the lowest rate recorded in the EU28 since August 2008. There were 17.207 million people unemployed, a decrease of 154,000 from the previous month and of 1.828 million from May 2017.

Among EU Member States, the lowest unemployment rates in May were recorded in the Czech Republic (2.3 percent) and Germany (3.4 percent). The highest unemployment rates were observed in Greece (20.1 percent in March 2018) and Spain (15.8 percent). Compared with a year ago, the largest decreases were registered in Cyprus (8.4 percent from 11.4 percent), Croatia (8.9 percent from 11.3 percent), Greece (20.1 percent from 22.1 percent between March 2018 and March 2017) and Portugal (7.3 percent from 9.2 percent).

The youth unemployment rate was 15.1 percent in the EU28 and 16.8 percent in the Euro Area, compared with 17.2 percent and 19.3 percent respectively in May 2017. The lowest rates were observed in Malta (4.8 percent), Germany (6.1 percent), Estonia (6.8 percent in April 2018) and the Netherlands (6.9 percent), while the highest were recorded in Greece (43.2 percent in March 2018), Spain (33.8 percent) and Italy (31.9 percent).


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/2/2018 9:27:29 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-02 09:00 AM Unemployment Rate 8.5% 8.5% 8.5% 8.5%
2018-05-31 09:00 AM Unemployment Rate 8.5% 8.6% 8.4% 8.5%
2018-07-02 09:00 AM Unemployment Rate 8.4% 8.4% 8.5% 8.5%
2018-07-31 09:00 AM Unemployment Rate 8.4% 8.5%
2018-08-31 09:00 AM Unemployment Rate 8.4%
2018-10-01 09:00 AM Unemployment Rate 8.4%


Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.40 8.40 12.10 7.30 percent [+]
Unemployed Persons 13558.00 13682.00 19198.00 11404.00 Thousand [+]
Employed Persons 157.21 156.65 157.21 117.36 Million [+]
Long Term Unemployment Rate 4.10 4.20 6.30 2.70 percent [+]
Youth Unemployment Rate 16.80 17.10 24.70 14.80 percent [+]
Productivity 105.30 105.00 105.30 82.60 Index Points [+]
Labour Costs 102.50 114.00 114.00 85.10 Index Points [+]
Wage Growth 1.80 1.60 3.40 0.80 percent [+]
Population 340.72 339.88 340.72 260.38 Million [+]
Employment Change 0.40 0.30 0.80 -0.70 percent [+]
Part Time Employment 31347.80 30970.40 31472.90 19769.20 Thousand [+]
Labor Force Participation Rate 57.30 57.30 57.30 55.00 percent [+]
Full Time Employment 114569.50 115235.60 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
8.40 8.40 12.10 7.30 1995 - 2018 percent Monthly
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unemployment rate by Country
Country Last
Spain 16.74 Mar/18
Brazil 12.70 May/18
Italy 10.70 May/18
Turkey 9.60 Apr/18
France 9.20 Mar/18
Euro Area 8.40 May/18
Canada 6.00 Jun/18
Australia 5.40 Jun/18
Indonesia 5.13 Mar/18
Russia 4.70 Jun/18
United Kingdom 4.20 May/18
United States 4.00 Jun/18
Netherlands 3.90 Jun/18
China 3.89 Mar/18
South Korea 3.70 Jun/18
India 3.52 Dec/17
Germany 3.40 May/18
Mexico 3.20 May/18
Switzerland 2.40 Jun/18
Japan 2.20 May/18


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