The unemployment rate in the Euro Area stood at a record low of 6.5% in February 2024, matching January's revised figure and compared with market forecasts of 6.4%. The number of unemployed individuals increased by 17 thousand from the prior month to 11.102 million. Meanwhile, the youth unemployment rate, reflecting those under 25 seeking employment, was unchanged for the fourth consecutive month at 14.6% in February. Across the major Euro Area economies, Spain continues to report the highest jobless rate at 11.5%, followed by Italy at 7.5% and France at 7.4%. Conversely, Germany recorded the lowest rate at 3.2%. A year earlier, the jobless rate was slightly higher at 6.6%. source: EUROSTAT

Unemployment Rate In the Euro Area remained unchanged at 6.50 percent in February. Unemployment Rate in Euro Area averaged 9.33 percent from 1995 until 2024, reaching an all time high of 12.20 percent in January of 2013 and a record low of 6.50 percent in March of 2023. 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 April of 2024.

Unemployment Rate In the Euro Area remained unchanged at 6.50 percent in February. 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 6.60 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-01 10:00 AM
Unemployment Rate
Jan 6.4% 6.5% 6.4% 6.5%
2024-04-03 09:00 AM
Unemployment Rate
Feb 6.5% 6.5% 6.4% 6.4%
2024-05-03 09:00 AM
Unemployment Rate
Mar 6.5% 6.80%


Related Last Previous Unit Reference
Employment Change 0.30 0.20 percent Dec 2023
Full Time Employment 122942.50 123573.40 Thousand Dec 2023
Job Vacancy Rate 2.70 2.90 percent Dec 2023
Labor Force Participation Rate 75.30 75.10 percent Sep 2023
Labour Cost Index YoY 117.90 107.40 points Dec 2023
Long Term Unemployment Rate 2.30 2.30 percent Sep 2023
Part Time Employment 32271.70 31455.40 Thousand Dec 2023
Population 345.41 342.81 Million Dec 2023
Productivity 103.57 103.65 points Sep 2023
Unemployed Persons 11102.00 11085.00 Thousand Feb 2024
Unemployment Rate 6.50 6.50 percent Feb 2024
Wage Growth YoY 3.10 5.20 percent Dec 2023
Wages 2179.00 2151.00 EUR/Month Sep 2023
Youth Unemployment Rate 14.60 14.60 percent Feb 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
6.50 6.50 12.20 6.50 1995 - 2024 percent Monthly
SA

News Stream
Eurozone Jobless Rate at Record Low of 6.5%
The unemployment rate in the Euro Area stood at a record low of 6.5% in February 2024, matching January's revised figure and compared with market forecasts of 6.4%. The number of unemployed individuals increased by 17 thousand from the prior month to 11.102 million. Meanwhile, the youth unemployment rate, reflecting those under 25 seeking employment, was unchanged for the fourth consecutive month at 14.6% in February. Across the major Euro Area economies, Spain continues to report the highest jobless rate at 11.5%, followed by Italy at 7.5% and France at 7.4%. Conversely, Germany recorded the lowest rate at 3.2%. A year earlier, the jobless rate was slightly higher at 6.6%.
2024-04-03
Eurozone Unemployment Rate at Record Low
The unemployment rate in the Euro Area edged lower to 6.4% in January 2024, the lowest on record, from 6.5% in December, matching market forecasts. The number of unemployed individuals declined by 34 thousand from the prior month to 11,009 million. Meanwhile, the youth unemployment rate, reflecting those under 25 seeking employment, was unchanged at 14.5%. Across the major Euro Area economies, Spain continues to report the highest jobless rate at 11.6%, followed by France at 7.5% and Italy at 7.2%. In contrast, Germany recorded the lowest rate at 3.1%.
2024-03-01
Euro Area Unemployment Rate Holds Steady, as Expected
The seasonally-adjusted jobless rate in the Euro Area was unchanged at 6.4% in December 2023, aligning with the market forecasts and remaining historically low, as the number of unemployed individuals declined by 17 thousand from the prior month to 10.909 million. Meanwhile, the youth unemployment rate, reflecting those under 25 seeking employment, edged down to 14.4% from 14.5% in November. Across the major Euro Area economies, Spain reported the highest jobless rate at 11.7%, followed by France at 7.3% and Italy at 7.2%. In contrast, Germany boasted the lowest rate at 3.1%.
2024-02-01