European Union Unemployed Persons - Forecast

Unemployed Persons in European Union is expected to be 16752.95 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in European Union to stand at 16113.25 in 12 months time. In the long-term, the European Union Unemployed Persons is projected to trend around 15492.01 Thousand in 2020, according to our econometric models.


European Union Unemployed Persons
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European Union Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployed Persons 17207 16753 16494 16283 16113 15492
Long Term Unemployment Rate 3.2 2.79 2.72 2.6 2.49 1.93
Labour Costs 107 107 113 107 113 113
Labor Force Participation Rate 58 58.28 58.07 57.93 58.15 58.13
Part Time Employment 43030 42940 43222 43256 43581 43682
Population 513 513 513 514 514 516
Productivity 105 105 109 106 107 109
Retirement Age Men 64.28 64.28 64.28 64.5 64 65
Retirement Age Women 63.44 63.44 63.44 63.7 64 64
Employed Persons 227787 232377 231408 230398 233147 235853
Employment Change 0.4 0.36 0.37 0.39 0.37 0.38
Full Time Employment 179934 182807 181683 180607 182356 183859
Unemployment Rate 7 6.8 6.8 6.7 6.5 6
Wage Growth 2.4 1.9 1.72 1.74 1.77 1.84
Youth Unemployment Rate 15.1 14.63 14.37 14.15 13.98 13.32