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.