The unemployment rate in the Euro Area edged down to 7.6% in July of 2021 from an upwardly revised 7.8% in June, matching market forecasts. It is the lowest reading since May last year as the number of unemployed persons declined by 430K to 14.613 million. The unemployment is also lower than 8.4% in July 2020. Among youth, the jobless rate also fell to 16.5% from 17.2% in June. Spain (14.3%) and Greece (14.6%) remained the two EU countries with the highest unemployment rate while the Netherlands (3.1%) had the lowest. source: EUROSTAT

Unemployment Rate in the Euro Area averaged 9.54 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 September of 2021.

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. In the long-term, the Euro Area Unemployment Rate is projected to trend around 7.70 percent in 2022 and 7.40 percent in 2023, according to our econometric models.

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Euro Area Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.60 7.80 12.10 7.10 1995 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-01 09:00 AM Apr 8% 8.1% 8.1% 8.1%
2021-07-01 09:00 AM May 7.9% 8.1% 8% 7.9%
2021-07-30 09:00 AM Jun 7.7% 8% 7.9% 7.8%
2021-09-01 09:00 AM Jul 7.6% 7.8% 7.6% 7.6%
2021-09-30 09:00 AM Aug 7.6% 7.5% 7.6%
2021-11-03 10:00 AM Sep 7.5%
2021-12-02 10:00 AM Oct


News Stream
Euro Area Jobless Rate Falls to 7.6%
The unemployment rate in the Euro Area edged down to 7.6% in July of 2021 from an upwardly revised 7.8% in June, matching market forecasts. It is the lowest reading since May last year as the number of unemployed persons declined by 430K to 14.613 million. The unemployment is also lower than 8.4% in July 2020. Among youth, the jobless rate also fell to 16.5% from 17.2% in June. Spain (14.3%) and Greece (14.6%) remained the two EU countries with the highest unemployment rate while the Netherlands (3.1%) had the lowest.
2021-09-01
Eurozone Jobless Rate Falls More than Expected
The Euro Area seasonally-adjusted unemployment rate edged down to 7.7 percent in June of 2021, the lowest level since May 2020 and below market expectations of 7.9 percent. The number of unemployed decreased by 423 thousand to 12.517 million, amid the gradual easing of coronavirus-induced restrictions. The youth unemployment rate, measuring job-seekers under 25 years old, went down to 17.3 percent in June from 17.9 percent in the previous month. Amongst the largest Euro Area economies, the highest jobless rates were recorded in Spain (15.1 percent), Italy (9.7 percent) and France (7.3 percent), while the lowest rates were recorded in the Netherlands (3.2 percent) and Germany (3.7 percent).
2021-07-30
Eurozone Jobless Rate Falls to 1-Year Low
The Euro Area seasonally-adjusted unemployment rate edged down to 7.9 percent in May 2021, the lowest level since May 2020 and slightly below market expectations of 8.0 percent. The number of unemployed decreased by 306 thousand to 12.792 million, as the labor market showed signs of recovery amid the gradual easing of coronavirus-induced restrictions. The youth unemployment rate, measuring job-seekers under 25 years old, edged down to 17.5 percent in May, from 18.4 percent in the previous month. Amongst the largest Euro Area economies, the highest jobless rates were recorded in Spain (15.3 percent), Italy (10.5 percent) and France (7.5 percent), while the lowest rates were recorded in the Netherlands (3.3 percent) and Germany (3.7 percent).
2021-07-01
Eurozone April Jobless Rate Falls More than Expected
The Euro Area seasonally-adjusted unemployment rate dropped to 8 percent in April of 2021 from 8.1 percent in the prior month and below market expectations of 8.1 percent. The number of unemployed persons declined by 134 thousand from the previous month to 13.030 million. The youth unemployment rate, measuring job-seekers under 25 years old, stood at 17.2 percent in April, unchanged from the previous month. Amongst the largest Euro Area economies, the lowest jobless rates were registered in the Netherlands (3.4 percent ) and Germany (4.4 percent), while the highest rates were recorded in Spain (15.4 percent), Italy (10.7 percent) and France (7.3 percent).
2021-06-01

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.