The unemployment rate in the Euro Area edged down to a record low of 6.6 percent in July of 2022 from an upwardly revised 6.7 percent in the previous month, in line with market expectations. A year earlier, the jobless rate was much higher at 7.7 percent. There were 10.983 million unemployed persons, down by 77 thousand from June. Youth unemployment also declined by 35 thousand to 2.208 million, pushing the rate down to 14.2 percent from 14.4 percent in June. Among the biggest economies in the Eurozone, declines in the jobless rate were seen in France (7.5 percent vs 7.6 percent) and Italy (7.9 percent vs 8 percent) while the jobless rate was steady at 2.9 percent in Germany. source: EUROSTAT

Unemployment Rate in the Euro Area averaged 9.46 percent from 1995 until 2022, reaching an all time high of 12.20 percent in January of 2013 and a record low of 6.60 percent in July of 2022. 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 September of 2022.

Unemployment Rate in Euro Area is expected to be 6.90 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 7.50 percent in 2023 and 7.30 percent in 2024, according to our econometric models.

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Euro Area Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-01 09:00 AM Jun 6.6% 6.6% 6.6% 6.7%
2022-09-01 09:00 AM Jul 6.6% 6.7% 6.6% 6.7%
2022-09-30 09:00 AM Aug 6.6% 6.6% 6.7%


Related Last Previous Unit Reference
Unemployment Rate 6.60 6.70 percent Jul 2022
Unemployed Persons 10983.00 11060.00 Thousand Jul 2022
Long Term Unemployment Rate 2.90 3.00 percent Mar 2022
Youth Unemployment Rate 14.20 14.40 percent Jul 2022
Labour Costs 119.20 108.70 points Jun 2022
Productivity 103.92 103.98 points Jun 2022
Wages 1963.00 1900.00 EUR/Month Sep 2021
Wage Growth 4.10 3.70 percent Jun 2022
Population 342.56 342.41 Million Dec 2021
Employment Change 0.40 0.70 percent Jun 2022
Part Time Employment 31084.50 31353.60 Thousand Mar 2022
Full Time Employment 118019.30 117967.10 Thousand Mar 2022
Labor Force Participation Rate 74.50 73.60 percent Sep 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
6.60 6.70 12.20 6.60 1995 - 2022 percent Monthly
SA

News Stream
Euro Area Jobless Rate at Record Low of 6.6% in July
The unemployment rate in the Euro Area edged down to a record low of 6.6 percent in July of 2022 from an upwardly revised 6.7 percent in the previous month, in line with market expectations. A year earlier, the jobless rate was much higher at 7.7 percent. There were 10.983 million unemployed persons, down by 77 thousand from June. Youth unemployment also declined by 35 thousand to 2.208 million, pushing the rate down to 14.2 percent from 14.4 percent in June. Among the biggest economies in the Eurozone, declines in the jobless rate were seen in France (7.5 percent vs 7.6 percent) and Italy (7.9 percent vs 8 percent) while the jobless rate was steady at 2.9 percent in Germany.
2022-09-01
Euro Area Jobless Rate Holds at Record Low
The unemployment rate in the Euro Area was unchanged at 6.6% for a second consecutive month in June of 2022, a record low reading and in line with market forecasts. A year earlier, the jobless rate was much higher at 7.9%. 10.925 million people were unemployed, down by 1.957 million from June of 2021. The lowest unemployment rate was in Germany at 2.8% and the highest in Spain at 12.6%. Regarding youth, the jobless rate went up to 13.6% from 13.2% in May but remained below 17.1% in the previous year. Greece (29.5%) and Spain (27.9%) showed the highest jobless rates among those aged under 25 and the lowest was recorded in both Germany (5.4%) and Ireland (5.4%).
2022-08-01
Euro Area Jobless Rate Breaks New All-Time Low
The unemployment rate in the Euro Area edged lower to a fresh record low of 6.6% in May of 2022 from 6.7% in April, compared to market forecasts of 6.8%. 11.004 million people were unemployed of whom 1.988 million were young persons under 25 years old. The unemployment rate for women decreased to 7.1% from 7.2% and for men it fell to 6.2% from 6.3%. The unemployment has been falling since early 2021 as the economies rebound from the pandemic-hit but rising inflation and interest rates are expected to slow the economic recovery.
2022-06-30