Euro Area Jobless Rate Falls to 6.2%

2026-04-30 09:08 By Kyrie Dichosa 1 min. read

The Euro Area seasonally adjusted unemployment rate eased to 6.2% in March 2026 from a revised 6.3% in February, in line with market expectations.

The number of unemployed fell by 63,000 from a month earlier to 10.984 million.

Meanwhile, youth unemployment remained elevated, with the youth jobless rate standing at 14.9% in the euro area, unchanged from the previous month, and 2.354 million young people under 25 unemployed.

Among the major economies in the bloc, Spain (10.3%), France (7.7%), and Italy (5.2%) recorded the highest rates, whereas Germany (4.0%) and the Netherlands (4.0%) reported the lowest.

A year ago, the jobless rate was slightly higher at 6.3%.

In the broader European Union, the unemployment rate stood at 6.0% in March.



News Stream
Euro Area Jobless Rate Falls to 6.2%
The Euro Area seasonally adjusted unemployment rate eased to 6.2% in March 2026 from a revised 6.3% in February, in line with market expectations. The number of unemployed fell by 63,000 from a month earlier to 10.984 million. Meanwhile, youth unemployment remained elevated, with the youth jobless rate standing at 14.9% in the euro area, unchanged from the previous month, and 2.354 million young people under 25 unemployed. Among the major economies in the bloc, Spain (10.3%), France (7.7%), and Italy (5.2%) recorded the highest rates, whereas Germany (4.0%) and the Netherlands (4.0%) reported the lowest. A year ago, the jobless rate was slightly higher at 6.3%. In the broader European Union, the unemployment rate stood at 6.0% in March.
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Euro Area Jobless Rate Slightly Above Forecasts
The Euro Area seasonally adjusted unemployment rate edged up to 6.2% in February 2026 from the all-time low of 6.1% in January, against market expectations that it would stay at 6.1%. The number of unemployed rose by 93,000 from the prior month to 10.919 million. Meanwhile, the youth unemployment rate, reflecting those under 25 seeking employment, was at 14.9% in February, unchanged from the prior month. Among the major economies in the bloc, Spain (9.8%), France (7.8%), and Italy (5.3%) recorded the highest rates, whereas Germany (4%) and the Netherlands (4.1%) reported the lowest. A year ago, the jobless rate was slightly higher at 6.3%. In the broader European Union, the jobless rate stood at 5.9% for the third consecutive month.
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2026-03-04