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. source: EUROSTAT

Unemployment Rate in the Euro Area averaged 9.46 percent from 1995 until 2022, reaching an all time high of 12.10 percent in January of 2013 and a record low of 6.60 percent in May 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 July 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.

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Euro Area Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-06-01 09:00 AM Apr 6.8% 6.8% 6.8% 6.8%
2022-06-30 09:00 AM May 6.6% 6.7% 6.8% 6.8%
2022-08-01 09:00 AM Jun 6.6% 6.9%


Related Last Previous Unit Reference
Unemployment Rate 6.60 6.70 percent May 2022
Unemployed Persons 11004.00 11085.00 Thousand May 2022
Long Term Unemployment Rate 3.00 3.20 percent Dec 2021
Youth Unemployment Rate 13.10 13.80 percent May 2022
Labour Costs 107.90 118.70 points Mar 2022
Productivity 103.98 104.60 points Mar 2022
Wages 1963.00 1900.00 EUR/Month Sep 2021
Wage Growth 2.70 1.50 percent Mar 2022
Population 342.41 341.52 Million Dec 2020
Employment Change 0.60 0.40 percent Mar 2022
Part Time Employment 31353.60 30850.70 Thousand Dec 2021
Full Time Employment 117967.10 118180.50 Thousand Dec 2021
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 12.10 6.60 1995 - 2022 percent Monthly
SA

News Stream
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
Euro Area Jobless Rate Steady at Record Low
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.
2022-06-01
Eurozone Jobless Rate Hits Record Low
The unemployment rate in the Euro Area fell to a record low of 6.8% in March of 2022 from an upwardly revised 6.9% in February and from 8.2% in March 2021, slightly above market forecasts of 6.7%. There were 11.274 million unemployed persons, down by 76K from February. Youth unemployment also declined by 17K to 2.098 million, pushing the rate down to 13.9% from 14% in February. Among the biggest economies in the Eurozone, declines in the jobless rate were seen in Germany (2.9% vs 3%), Italy (8.3% vs 8.5%) while the jobless rate was steady at 7.4% in France.
2022-05-03