Unemployment Rate In the Euro Area remained unchanged at 6.30 percent in November. Unemployment Rate in Euro Area averaged 9.26 percent from 1995 until 2024, reaching an all time high of 12.20 percent in January of 2013 and a record low of 6.30 percent in August of 2024. source: EUROSTAT

Unemployment Rate in Euro Area is expected to be 6.60 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 6.60 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-12-02 10:00 AM
Unemployment Rate
Oct 6.3% 6.3% 6.3% 6.4%
2025-01-07 10:00 AM
Unemployment Rate
Nov 6.3% 6.3% 6.3% 6.4%
2025-01-30 10:00 AM
Unemployment Rate
Dec 6.3% 6.3% 6.4%


Related Last Previous Unit Reference
Employment Change 0.20 0.10 percent Sep 2024
Full Time Employment 124968.20 124008.00 Thousand Sep 2024
Job Vacancy Rate 2.50 2.60 percent Sep 2024
Labor Force Participation Rate 75.60 75.40 percent Sep 2024
Labour Cost Index YoY 112.10 119.40 points Sep 2024
Long Term Unemployment Rate 1.90 2.10 percent Sep 2024
Part Time Employment 31968.30 32421.00 Thousand Sep 2024
Population 350.08 349.67 Million Dec 2024
Productivity 103.76 103.38 points Sep 2024
Unemployed Persons 10819.00 10858.00 Thousand Nov 2024
Unemployment Rate 6.30 6.30 percent Nov 2024
Wage Growth YoY 4.40 4.90 percent Sep 2024
Wages 2179.00 2151.00 EUR/Month Sep 2023
Youth Unemployment Rate 15.00 15.00 percent Nov 2024

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
6.30 6.30 12.20 6.30 1995 - 2024 percent Monthly
SA


News Stream
Euro Area Jobless Rate Stays at Record Low of 6.3%
The unemployment rate in the Euro Area remained at a record low of 6.3% in November 2024, unchanged from October and in line with market expectations. The number of unemployed individuals fell by 39 thousand from the prior month to 10.819 million. The youth unemployment rate, reflecting those under 25 seeking employment, stood at 15% in November, the highest since October 2023, matching October's rate. Among the major Euro Area economies, Spain still showed the highest unemployment rate at 11.2%, followed by France at 7.7% and Italy at 5.7%. Conversely, Germany registered the lowest rate at 3.4%. A year earlier, the jobless rate was higher at 6.5%.
2025-01-07
Euro Area Jobless Rate Holds at Record Low of 6.3%
The unemployment rate in the Euro Area stood at an all-time low of 6.3% in October of 2024, unchanged from September and in line with market forecasts. The number of unemployed individuals fell by 3 thousand from the prior month to 10.841 million. The youth unemployment rate, reflecting those under 25 seeking employment, rose to 15% in October, the highest since October 2023, after an upwardly revised 14.9% in the preceding month. Among the major Euro Area economies, Spain still showed the highest unemployment rate at 11.2%, followed by France at 7.6% and Italy at 5.8%. In contrast, Germany reported the lowest rate at 3.4%. A year earlier, the jobless rate was higher at 6.6%.
2024-12-02
Euro Area Jobless Rate Stays at Record Low of 6.3%
The unemployment rate in the Euro Area was at 6.3% in September of 2024, holding at its lowest on record, and slightly below market forecasts of 6.4%. The number of unemployed individuals decreased by 13 thousand from the prior month to 10.884 million. The youth unemployment rate, reflecting those under 25 seeking employment, ticked up to 14.4% in September from an upwardly revised 14.3% in the prior month. Among the major Euro Area economies, Spain still showed the highest unemployment rate at 11.2%, followed by France at 7.6% and Italy at 6.1%. In contrast, Germany reported the lowest rate at 3.5%. A year earlier, the jobless rate was higher at 6.6%.
2024-10-31