The unemployment rate in the Euro Area ticked up to 6.3% in December 2024, compared to a revised record low of 6.2% in November and in line with market forecasts. The number of unemployed individuals rose by 96 thousand from the prior month to a three-month high of 10.830 million. Meanwhile, the youth unemployment rate, reflecting those under 25 seeking employment, eased to 14.8% in December, from a revised 14.9% in the previous month. Among the major economies of the Euro Area, Spain reported the highest unemployment rate at 10.6%, with France at 7.8% and Italy at 6.2%. Germany, by contrast, recorded the lowest rate at 3.4%. A year ago, the jobless rate was higher at 6.5%. source: EUROSTAT
Unemployment Rate In the Euro Area increased to 6.30 percent in December from 6.20 percent in November of 2024. Unemployment Rate in Euro Area averaged 9.25 percent from 1995 until 2024, reaching an all time high of 12.20 percent in January of 2013 and a record low of 6.20 percent in November of 2024. 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 February of 2025.
Unemployment Rate In the Euro Area increased to 6.30 percent in December from 6.20 percent in November of 2024. Unemployment Rate in Euro Area is expected to be 6.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Unemployment Rate is projected to trend around 6.60 percent in 2026, according to our econometric models.