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

The unemployment rate in the Euro Area fell to 8.7 percent in November 2017 from 8.8 percent in the previous month, matching market expectations. It was the lowest jobless rate since January 2009. A year earlier, the unemployment rate was recorded at 9.8 percent. Unemployment Rate in the Euro Area averaged 9.77 percent from 1995 until 2017, reaching an all time high of 12.10 percent in February of 2013 and a record low of 7.30 percent in November of 2007.

Euro Area Unemployment Rate
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Eurozone Jobless Rate Drops to Near 9-Year Low


The unemployment rate in the Euro Area fell to 8.7 percent in November 2017 from 8.8 percent in the previous month, matching market expectations. It was the lowest jobless rate since January 2009.

Compared with October, the number of unemployed in the Euro Area decreased by 107,000 to 14.263 million. Compared with the previous year, it fell by 1.561 million.

Considering the European Union, the unemployment rate stood at 7.3 percent, down from 7.4 percent in the previous month and from 8.3 percent a year ago. It was the lowest rate recorded in the EU28 since October 2008. There were 18.116 million people unemployed, a decrease of 155,000 from the previous month and of 2.133 million from November 2016.

Among EU Member States, the lowest unemployment rates in November were recorded in the Czech Republic (2.5 percent), Malta and Germany (both 3.6 percent). The highest unemployment rates were observed in Greece (20.5 percent in September 2017) and Spain (16.7 percent). Compared with a year ago, the largest decreases were registered in Greece (20.5 percent from 23.2 percent), Portugal (8.2 percent from 10.5 percent), Croatia (10.4 percent from 12.5 percent) and Cyprus (11 percent from 13.1 percent).

The youth unemployment rate was 16.2 percent in the EU28 and 18.2 percent in the Euro Area, compared with 18.2 percent and 20.5 percent respectively in November 2016. The lowest rates were observed in the Czech Republic (5 percent) and Germany (6.6 percent), while the highest were recorded in Greece (39.5 percent in September 2017), Spain (37.9 percent) and Italy (32.7 percent).


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/9/2018 10:15:06 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-10-31 10:00 AM Unemployment Rate 8.9% 9.0% 9% 9%
2017-11-30 10:00 AM Unemployment Rate 8.8% 8.9% 8.9% 8.9%
2018-01-09 10:00 AM Unemployment Rate 8.7% 8.8% 8.7% 8.8%
2018-01-31 10:00 AM Unemployment Rate 8.7% 8.7%
2018-03-01 10:00 AM Unemployment Rate 8.7%
2018-04-04 09:00 AM Unemployment Rate 8.7%


Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.70 8.80 12.10 7.30 percent [+]
Unemployed Persons 14163.00 14267.00 19193.00 11368.00 Thousand [+]
Employed Persons 156.28 155.68 156.28 117.36 Million [+]
Long Term Unemployment Rate 4.40 4.70 6.30 2.70 percent [+]
Youth Unemployment Rate 18.20 18.40 24.80 14.80 percent [+]
Productivity 104.60 104.20 104.60 82.60 Index Points [+]
Labour Costs 104.20 111.20 112.30 85.10 Index Points [+]
Wage Growth 1.60 2.10 3.40 0.80 percent [+]
Population 341.01 339.89 341.01 260.38 Million [+]
Employment Change 0.40 0.40 0.80 -0.70 percent [+]
Part Time Employment 31435.80 31213.10 31435.80 19769.20 Thousand [+]
Labor Force Participation Rate 57.10 56.80 57.30 55.00 percent [+]
Full Time Employment 113328.90 111780.50 118857.50 107450.40 Thousand [+]
Retirement Age Men 64.54 64.47 64.63 62.37 [+]
Retirement Age Women 64.32 64.20 64.32 61.61 [+]


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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
8.70 8.80 12.10 7.30 1995 - 2017 percent Monthly
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unemployment rate by Country
Country Last
Spain 16.38 Sep/17
Brazil 12.00 Nov/17
Italy 11.00 Nov/17
Turkey 10.30 Oct/17
France 9.70 Sep/17
Euro Area 8.70 Nov/17
Canada 5.70 Dec/17
Australia 5.50 Dec/17
Indonesia 5.50 Sep/17
Russia 5.10 Nov/17
Netherlands 4.40 Dec/17
United Kingdom 4.30 Oct/17
United States 4.10 Dec/17
China 3.95 Sep/17
Germany 3.60 Nov/17
South Korea 3.60 Dec/17
India 3.46 Dec/16
Switzerland 3.30 Dec/17
Mexico 3.10 Dec/17
Japan 2.70 Nov/17


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