The Euro Area seasonally-adjusted unemployment rate edged down to 7.3 percent in October 2021, the lowest level since April 2020 and in line with market expectations. The number of unemployed fell by 64 thousand to 12.045 million, as the labor market continued to recover from the pandemic hit. Meanwhile, the youth unemployment rate, measuring job-seekers under 25 years old, edged down to 15.9 percent in October, from 16.1 percent in the previous month. Amongst the largest Euro Area economies, the highest jobless rates were recorded in Spain (14.5 percent), Italy (9.4 percent) and France (7.6 percent), while the lowest rates were recorded in the Netherlands (2.9 percent) and Germany (3.3 percent). source: EUROSTAT
Unemployment Rate in the Euro Area averaged 9.52 percent from 1995 until 2021, reaching an all time high of 12.10 percent in January of 2013 and a record low of 7.10 percent in March of 2020. This page provides the latest reported value for - Euro Area Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
Unemployment Rate in Euro Area is expected to be 7.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Unemployment Rate is projected to trend around 7.70 percent in 2022 and 7.40 percent in 2023, according to our econometric models.