The seasonally adjusted unemployment rate in the Euro Area stood at 7.8 percent in February 2019, the same as the previous period and in line with market expectations. It remained the lowest jobless rate since October 2008. A year earlier, unemployment was higher at 8.5 percent. Unemployment Rate in the Euro Area averaged 9.68 percent from 1995 until 2019, 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.

Unemployment Rate in Euro Area is expected to be 7.50 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 7.00 in 12 months time. In the long-term, the Euro Area Unemployment Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.

Euro Area Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-09 10:00 AM Unemployment Rate 7.9% 8% 8.1% 8.1%
2019-01-31 10:00 AM Unemployment Rate 7.9% 7.9% 7.9% 7.9%
2019-03-01 10:00 AM Unemployment Rate 7.8% 7.8% 7.9% 7.9%
2019-04-01 09:00 AM Unemployment Rate 7.8% 7.8% 7.8% 7.8%
2019-04-30 09:00 AM Unemployment Rate 7.8% 7.8% 7.7%
2019-06-04 09:00 AM Unemployment Rate 7.7%
2019-07-01 09:00 AM Unemployment Rate 7.6%



Euro Area Jobless Rate Steady at 7.8%

The seasonally adjusted unemployment rate in the Euro Area stood at 7.8 percent in February 2019, the same as the previous period and in line with market expectations. It remained the lowest jobless rate since October 2008. A year earlier, unemployment was higher at 8.5 percent.

Compared with January, the number of unemployed in the Euro Area dropped by 77,000 to 12,730 million. Compared with the previous year, it fell by 1.169 million.

Considering the European Union as a whole, the jobless rate was at 6.5 percent, unchanged from the previous month and lower than a 7.1 percent a year earlier. It remains the lowest rate recorded since the start of the EU monthly unemployment series in January 2000. The number of unemployed declined by 102,000 from January to 16.012 million and went down by 1.469 million from January of 2018.

Among the Member States, the lowest unemployment rates in February 2019 were registered in Czech Republic (1.9 percent), Germany (3.1 percent) and the Netherlands (3.4 percent) and the highest rates were observed in Greece (18.0 percent in December 2018), Spain (13.9 percent) and Italy (10.7 percent). Compared with a year ago, the unemployment rate decreased in all Member States except Denmark and Austria where it remained stable. The largest declines were registered in Greece (from 20.8 percent to 18.0 percent between December 2017 and December 2018), Cyprus (from 9.4 percent to 7.1 percent), and Estonia (from 6.4 percent to 4.2 percent).

The youth unemployment rate was 14.6 percent in the EU28 and 16.1 percent in the Euro Area, down from 15.7 percent and 17.7 percent respectively in February 2018. 3.309 million young persons (under 25) were unemployed in the EU28, of whom 2.337 million were in the Euro Area. Compared with February 2018, youth unemployment fell by 222,000 in the EU28 and by 181,000 in the Euro Area. The lowest rates were recorded in Germany (5.6 percent), Czech Republic (6.0 percent) and the Netherlands (6.4 percent), while the highest were observed in Greece (39.5 percent in December 2018), Italy (32.8 percent) and Spain (32.4 percent).


Eurostat | Stefanie Moya | stefanie.moya@tradingeconomics.com
4/1/2019 9:22:42 AM


News

Euro Area Jobless Rate Unchanged at 7.8%
The seasonally adjusted unemployment rate in the Euro Area was steady at 7.8 percent in January of 2019, the same as a downwardly revised 7.8 percent in December and slightly below market expectations of 7.9 percent. It is a new-low jobless rate since October of 2008. A year earlier, unemployment was higher at 8.6 percent.
Published on 2019-03-01

Euro Area Jobless Rate Steady at 7.9% in December
The Euro Area seasonally-adjusted unemployment rate was at 7.9 percent in December 2018, unchanged from the previous month and in line with market expectations. It remained the lowest jobless rate since October 2008.
Published on 2019-01-31

Eurozone Jobless Rate Drops to Over 10-Year Low
The Euro Area seasonally-adjusted unemployment rate fell to 7.9 percent in November 2018 from a downwardly revised 8 percent in the previous month and below market expectations of 8 percent. It was the lowest jobless rate since October 2008 as the number of unemployed continued to decline.
Published on 2019-01-09

Eurozone Jobless Rate Above Forecasts
The unemployment rate in the Euro Area was steady at 8.1 percent in October of 2018, the same as in each of the previous three months but higher than market expectations of 8 percent. It remained the lowest jobless rate since November of 2008.
Published on 2018-11-30



Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.80 7.80 12.10 7.30 percent [+]
Unemployed Persons 12642.00 12757.00 19197.00 11391.00 Thousand [+]
Employed Persons 158.90 158.29 158.90 117.36 Million [+]
Long Term Unemployment Rate 3.50 3.90 6.30 2.70 percent [+]
Youth Unemployment Rate 16.10 16.20 24.70 14.80 percent [+]
Productivity 105.20 105.30 105.30 82.60 Index Points [+]
Labour Costs 116.60 106.40 116.60 85.10 Index Points [+]
Wage Growth 2.30 2.30 3.40 0.80 percent [+]
Population 340.72 339.88 340.72 260.38 Million [+]
Employment Change 0.30 0.20 0.80 -0.70 percent [+]
Part Time Employment 30964.20 31590.00 31590.00 19769.20 Thousand [+]
Labor Force Participation Rate 57.30 57.20 57.30 55.00 percent [+]
Full Time Employment 116891.60 115128.60 118849.00 107485.60 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.80 7.80 12.10 7.30 1995 - 2019 percent Monthly
SA




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.70 Mar/19
Turkey 14.70 Jan/19
Brazil 12.40 Feb/19
Italy 10.70 Feb/19
Argentina 9.10 Dec/18
France 8.80 Dec/18
Euro Area 7.80 Feb/19
Saudi Arabia 6.00 Dec/18
Canada 5.80 Mar/19
Indonesia 5.34 Sep/18
Australia 5.00 Mar/19
Russia 4.70 Mar/19
United Kingdom 3.90 Feb/19
China 3.80 Dec/18
South Korea 3.80 Mar/19
United States 3.80 Mar/19
India 3.53 Dec/18
Netherlands 3.30 Mar/19
Mexico 3.20 Mar/19
Germany 3.10 Feb/19
Switzerland 2.50 Mar/19
Japan 2.30 Feb/19
Singapore 2.20 Dec/18


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