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.

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Euro Area Unemployment Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-11-03 10:00 AM Sep 7.4% 7.5% 7.4% 7.5%
2021-12-02 10:00 AM Oct 7.3% 7.4% 7.3% 7.4%
2022-01-07 10:00 AM Nov


Related Last Previous Unit Reference
Unemployment Rate 7.30 7.40 percent Oct/21
Unemployed Persons 12079.00 12162.00 Thousand Sep/21
Long Term Unemployment Rate 3.30 3.20 percent Jun/21
Youth Unemployment Rate 16.00 16.30 percent Sep/21
Labour Costs 115.80 104.60 points Jun/21
Productivity 104.40 104.80 points Jun/21
Wages 1903.00 1896.00 EUR/Month Mar/21
Wage Growth -0.40 2.10 percent Jun/21
Population 342.41 341.52 Million Dec/20
Employment Change 0.90 0.70 percent Sep/21
Part Time Employment 30912.90 30508.20 Thousand Jun/21
Labor Force Participation Rate 73.60 72.60 percent Jun/21
Full Time Employment 116145.40 113811.30 Thousand Jun/21

News Stream
Eurozone Jobless Rate Continues to Fall
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).
2021-12-02
Eurozone Jobless Rate Lowest in 17 Months
The Euro Area seasonally-adjusted unemployment rate edged down to 7.4 percent in September 2021, the lowest level since April 2020 and in line with market expectations. The number of unemployed decreased further by 255 thousand to 12.079 million, amid higher demand for labor following the easing of COVID restrictions. Meanwhile, the youth unemployment rate, measuring job-seekers under 25 years old, edged down to 16.0 percent in September, from 16.3 percent in the previous month. Amongst the largest Euro Area economies, the highest jobless rates were recorded in Spain (14.6 percent), Italy (9.2 percent) and France (7.7 percent), while the lowest rates were recorded in the Netherlands (3.1 percent) and Germany (3.4 percent).
2021-11-03
Eurozone Jobless Rate Hits 15-Month Low
The Euro Area seasonally-adjusted unemployment rate edged down to 7.5 percent in August 2021, the lowest level since May 2020 and in line with market expectations. The number of unemployed decreased by 261 thousand to 12.162 million, as the labor market continued to show signs of recovery. The youth unemployment rate, measuring job-seekers under 25 years old, edged down to 16.4 percent in August, from 16.7 percent in the previous month. Amongst the largest Euro Area economies, the highest jobless rates were recorded in Spain (14.0 percent), Italy (9.3 percent) and France (8.0 percent), while the lowest rates were recorded in the Netherlands (3.2 percent) and Germany (3.6 percent).
2021-09-30

Euro Area Unemployment Rate
In Euro Area, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.