Euro Area Unemployment Rate  1995-2017 | Data | Chart | Calendar

The unemployment rate in the Euro Area came in at 9.3 percent in May 2017, unchanged from the previous month's figure and slightly above market expectations of 9.2 percent. The jobless rate remained at its lowest level since March 2009. A year earlier, the unemployment was higher at 10.2 percent. Unemployment Rate in the Euro Area averaged 9.78 percent from 1995 until 2017, reaching an all time high of 12.10 percent in March of 2013 and a record low of 7.30 percent in October of 2007.

Euro Area Unemployment Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-02 09:00 AM Mar 9.5% 9.5% 9.4% 9.5%
2017-05-31 09:00 AM Apr 9.3% 9.4% 9.4% 9.4%
2017-07-03 09:00 AM May 9.3% 9.3% 9.2% 9.3%
2017-07-31 09:00 AM Jun 9.3% 9.2%
2017-08-31 09:00 AM Jul 9.2%
2017-10-02 09:00 AM Aug 9.2%




Eurozone Jobless Rate Steady At Over 8-Year Low


The unemployment rate in the Euro Area came in at 9.3 percent in May 2017, unchanged from the previous month's figure and slightly above market expectations of 9.2 percent. The jobless rate remained at its lowest level since March 2009. A year earlier, the unemployment was higher at 10.2 percent.

Compared with April 2017, the number of unemployed decreased by 5,000 to 15.034 million in the Euro Area. Compared with the previous year, it fell by 1.428 million.

Considering the European Union, the unemployment rate was 7.8 percent in May 2017, the same as in the previous month and down from 8.7 percent a year ago. This remains the lowest rate recorded in the EU28 since December 2008. There were 19.115 million people unemployed, a decrease of 22,000 from the previous month and of 2.122 million from May 2016.

Among EU Member States, the lowest unemployment rates in May 2017 were recorded in the Czech Republic (3 percent), Germany (3.9 percent) and Malta (4.1 percent). The highest unemployment rates were observed in Greece (22.5 percent in March 2017) and Spain (17.7 percent). Compared with a year ago, the unemployment rate in May 2017 fell in all Member States for which data is comparable over time. The largest decreases were registered in Croatia (to 10.7 percent from 13.4 percent), Spain (to 17.7 percent from 20.2 percent) and Ireland (to 6.4 percent from 8.4 percent).

The youth unemployment rate was 16.9 percent in the EU28 and 18.9 percent in the euro area, compared with 19 percent and 21.3 percent respectively in May 2016. In May 2017, the lowest rate was observed in Germany (6.7 percent), while the highest were recorded in Greece (46.6 percent in March 2017), Spain (38.6 percent) and Italy (37 percent).


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/3/2017 9:27:23 AM



Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.30 9.30 12.10 7.30 percent [+]
Employed Persons 154.77 153.88 154.77 117.36 Million [+]
Unemployed Persons 14904.00 14930.00 19174.00 11368.00 Thousand [+]
Long Term Unemployment Rate 4.80 4.80 6.30 2.70 percent [+]
Youth Unemployment Rate 18.90 18.90 24.70 14.80 percent [+]
Labour Costs 100.40 112.10 112.10 85.10 Index Points [+]
Productivity 103.80 103.60 103.80 82.60 Index Points [+]
Wages 1681.00 1676.00 1681.00 1302.00 EUR/Month [+]
Wage Growth 1.40 1.60 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 [+]
Full Time Employment 111779.20 112684.40 118857.50 107450.40 Thousand [+]
Part Time Employment 31212.80 31035.80 31212.80 19769.20 Thousand [+]
Retirement Age Men 64.54 64.47 64.63 62.37 [+]
Retirement Age Women 64.32 64.20 64.32 61.61 [+]
Labor Force Participation Rate 57.10 57.20 57.30 55.00 percent [+]


Euro Area Unemployment Rate Notes

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
9.30 9.30 12.10 7.30 1995 - 2017 percent Monthly
SA



unemployment rate by Country

Last
Spain 18.75 Mar/17
Brazil 13.30 May/17
Italy 11.30 May/17
Turkey 10.50 Apr/17
France 9.60 Mar/17
Euro Area 9.30 May/17
Canada 6.50 Jun/17
Australia 5.60 Jun/17
Indonesia 5.33 Mar/17
Russia 5.10 Jun/17
India 4.90 Dec/13
Netherlands 4.90 Jun/17
United Kingdom 4.50 May/17
United States 4.40 Jun/17
China 3.97 Mar/17
Germany 3.90 May/17
South Korea 3.80 Jun/17
Mexico 3.60 May/17
Japan 3.10 May/17
Switzerland 3.00 Jun/17