The unemployment rate in the Euro Area was unchanged at a record low of 6.8 percent in April of 2022, the same as in the previous month and in line with market expectations. There were 11.181 million unemployed persons, down by 96K from March. Youth unemployment also edged down by 1K to 2.122 million, pushing the rate down to 13.9% from 14% in March. source: EUROSTAT
Unemployment Rate in the Euro Area averaged 9.47 percent from 1995 until 2022, reaching an all time high of 12.10 percent in January of 2013 and a record low of 6.80 percent in February 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 June 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 6.70 percent in 2023 and 6.50 percent in 2024, according to our econometric models.