European Union Unemployment Rate - Forecast

Unemployment Rate in European Union is expected to be 6.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in European Union to stand at 5.90 in 12 months time. In the long-term, the European Union Unemployment Rate is projected to trend around 5.40 percent in 2020, according to our econometric models.


Forecast Data Chart
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European Union Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployed Persons 16823 16700 16500 16400 16300 15800
Long Term Unemployment Rate 3.2 3 3 2.9 2.9 2.5
Labour Costs 114 107 115 107 115 116
Labor Force Participation Rate 57.7 58 58 58.4 58.6 60
Part Time Employment 43035 43200 43200 43300 43400 43800
Population 513 513 513 514 514 516
Productivity 106 106 107 107 108 112
Retirement Age Men 64.28 64.28 64.28 64.5 64.5 65
Retirement Age Women 63.44 63.44 63.44 63.7 63.7 64
Employed Persons 227787 232000 232000 233000 233000 236000
Employment Change 0.4 0.5 0.5 0.4 0.4 0.6
Full Time Employment 178898 181000 182000 182000 183000 187000
Unemployment Rate 6.8 6.6 6.2 6 5.9 5.4
Wage Growth 2.6 2.7 2.9 2.8 2.8 2.4
Youth Unemployment Rate 14.8 14.6 14.3 14 13.8 13