Long Term Unemployment Rate in European Union remained unchanged at 2.40 percent in the fourth quarter of 2019 from 2.40 percent in the third quarter of 2019.

Long Term Unemployment Rate in European Union averaged 3.83 percent from 2002 until 2019, reaching an all time high of 5.30 percent in the first quarter of 2014 and a record low of 2.40 percent in the third quarter of 2008. This page provides - European Union Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. European Union Long Term Unemployment Rate - values, historical data and charts - was last updated on June of 2020.

Long Term Unemployment Rate in European Union is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in European Union to stand at 4.40 in 12 months time. In the long-term, the European Union Long Term Unemployment Rate is projected to trend around 3.90 percent in 2021 and 3.30 percent in 2022, according to our econometric models.

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European Union Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.40 5.30 2.40 2002 - 2019 percent Quarterly

European Union Labour Last Previous Highest Lowest Unit
Unemployed Persons 15349.00 15333.00 26638.00 15333.00 Thousand [+]
Long Term Unemployment Rate 2.40 2.40 5.30 2.40 percent [+]
Labour Costs 105.80 111.00 111.00 84.20 points [+]
Unemployment Rate 6.60 6.40 11.50 6.40 percent [+]
Wage Growth 2.80 3.20 3.60 0.90 percent [+]
Youth Unemployment Rate 14.20 14.10 24.10 14.10 percent [+]
Labor Force Participation Rate 58.30 58.30 58.30 56.30 percent [+]
Part Time Employment 42975.10 43634.10 43634.10 31484.60 Thousand [+]
Population 513.47 512.37 513.47 406.73 Million [+]
Productivity 103.40 103.50 103.50 75.40 points [+]
Retirement Age Men 64.28 64.21 64.28 62.57 [+]
Retirement Age Women 63.44 63.31 63.44 61.24 [+]
Employed Persons 230356.80 231342.70 232104.10 213005.80 Thousand [+]
Employment Change 0.30 0.00 0.60 -0.70 percent [+]
Full Time Employment 184143.70 182567.10 184143.70 167275.40 Thousand [+]


European Union Long Term Unemployment Rate
In the European Union, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.