Unemployment Rate In the Euro Area remained unchanged at 7.90 percent in December from 7.90 percent in November of 2018. Unemployment Rate in the Euro Area averaged 9.70 percent from 1995 until 2018, 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.
Unemployment Rate in Euro Area is expected to be 7.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Euro Area to stand at 7.10 in 12 months time. In the long-term, the Euro Area Unemployment Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.