Euro Area Unemployment Rate 1995-2015 | Data | Chart | Calendar

Unemployment Rate In the Euro Area decreased to 11.40 percent in December of 2014 from 11.50 percent in November of 2014. Unemployment Rate in the Euro Area averaged 9.69 percent from 1995 until 2014, reaching an all time high of 12 percent in February of 2013 and a record low of 7.20 percent in March of 2008. Unemployment Rate in the Euro Area is reported by the Eurostat.

      Forecast    
Euro Area Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
11.40 11.50 12.00 7.20 1995 - 2014 percent Monthly
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In Euro Area, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Euro Area Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Euro Area Unemployment Rate - was last refreshed on Saturday, January 31, 2015.


Euro Area Unemployment Rate The Lowest Since August 2012


The Euro Area seasonally-adjusted unemployment rate was 11.4% in December 2014, down from 11.5% in November 2014, and from 11.8% in December 2013 as number of unemployed fell.

Among the Member States, the lowest unemployment rates in December 2014 were recorded in Germany (4.8%) and Austria (4.9%), and the highest in Greece (25.8% in October 2014) and Spain (23.7%). 

The European Union (EU28) unemployment rate was 9.9% in December 2014, down from 10.0% in November 2014 and from 10.6% in December 2013. Compared with December 2013 , the unemployment rate fell in twenty-four Member States, remained stable in Belgium and increased in Finland (8.3% to 8.9%), Italy (12.6% to 12.9%) and France (10.2% to 10.3%). The largest decreases were registered in Estonia (9.0% to 6.6% between November 2013 and November 2014), Bulgaria (12.8% to 10.8%), Greece (27.8% to 25.8% between October 2013 and October 2014), Hungary (9.3% to 7.3% between November 2013 and November 2014) and Poland (10.0% to 8.0%).

In December, 24.056 million men and women in the EU28, of whom 18.129 million in the Euro Area, were unemployed. Compared with November 2014, the number of unemployed decreased by 228 000 in the EU28 and by 157 000 in the Euro area. Compared with December 2013, unemployment fell by 1.710 million in the EU28 and by 693 000 in the Euro Area. 

In December 2014, 4.960 million young persons (under 25) were unemployed in the EU28, of whom 3.289 million were in the Euro Area. Compared with December 2013, youth unemployment decreased by 464 000 in the EU28 and by 168 000 in the Euro Area. In December 2014, the youth unemployment rate was 21.4% in the EU28 and 23.0% in the euro area, compared with 23.1% and 23.9% respectively in December 2013. In December 2014, the lowest rates were observed in Germany (7.2%), Austria (9.0%) and the Netherlands (9.6%), and the highest in Spain (51.4%), Greece (50.6% in October 2014), Croatia (44.8% in the fourth quarter 2014) and Italy (42.0%). 

Eurostat | Nuno Fontes | nuno@tradingeconomics.com
1/30/2015 3:38:41 PM


Recent Releases

Euro Area Unemployment Rate Steady at 11.5%
The Euro Area seasonally-adjusted unemployment rate was 11.5% in November, unchanged since June of 2014 and the lowest since September of 2012. Published on 2015-01-07

Euro Area Unemployment Rate Stable at 11.5%
The Euro Area seasonally-adjusted unemployment rate was 11.5% in October, unchanged from the 4 previous months, but down from 11.9% in October 2013. This is the lowest level since September of 2012. The youth unemployment rate rose to 23.5%. Published on 2014-11-28


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-28 10:00 AM
Unemployment Rate  Oct
11.5% 11.5% 11.5% 11.5%
2015-01-07 10:00 AM
Unemployment Rate  Nov
11.5% 11.5% 11.5% 11.5%
2015-01-30 10:00 AM
Unemployment Rate  Dec
11.4% 11.5% 11.5% 11.5%
2015-03-02 10:00 AM
Unemployment Rate  Jan
11.4% 11.4%
2015-03-31 10:00 AM
Unemployment Rate  Feb
11.3%
2015-04-30 10:00 AM
Unemployment Rate  Mar
11.3%


Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.40 11.50 12.00 7.20 percent [+]
Employed Persons 148.18 147.87 150.37 117.36 Million [+]
Unemployed Persons 18129.00 18394.00 19203.00 11369.00 Thousand [+]
Long Term Unemployment Rate 6.10 6.30 6.30 2.90 percent [+]
Youth Unemployment Rate 23.00 23.30 24.10 14.70 percent [+]
Productivity 107.80 107.90 107.90 94.30 Index Points [+]
Wages 1681.00 1676.00 1681.00 1302.00 EUR [+]
Labour Costs 115.10 114.80 115.10 91.50 Index Points [+]
Population 332.88 331.96 332.88 258.14 Million [+]
Retirement Age Men 64.32 64.33 64.33 62.47 [+]
Retirement Age Women 63.59 63.35 63.59 61.59 [+]


Unemployment Rate Reference Previous Highest Lowest Unit
Australia 6.10 Dec/14 6.20 10.90 4.00 percent [+]
Brazil 4.30 Dec/14 4.80 13.10 4.30 percent [+]
Canada 6.70 Dec/14 6.70 13.10 2.90 percent [+]
China 4.10 Dec/14 4.10 4.30 3.90 percent [+]
Euro Area 11.40 Dec/14 11.50 12.00 7.20 percent [+]
France 10.40 Aug/14 10.10 10.80 7.20 percent [+]
Germany 4.80 Dec/14 4.90 14.20 0.40 percent [+]
India 5.20 Dec/12 6.30 9.40 5.20 percent [+]
Indonesia 5.94 Aug/14 5.70 11.24 2.00 percent [+]
Italy 12.90 Dec/14 13.30 13.40 5.90 percent [+]
Japan 3.40 Dec/14 3.50 5.60 1.00 percent [+]
Mexico 3.76 Dec/14 4.53 5.93 2.22 percent [+]
Netherlands 8.10 Dec/14 8.00 8.80 3.40 percent [+]
Russia 5.30 Dec/14 5.20 14.10 4.80 percent [+]
South Korea 3.50 Dec/14 3.40 7.10 2.90 percent [+]
Spain 23.70 Nov/14 23.67 26.94 4.41 percent [+]
Switzerland 3.40 Dec/14 3.20 5.40 1.60 percent [+]
Turkey 10.40 Oct/14 10.50 16.10 8.00 percent [+]
United Kingdom 5.80 Nov/14 6.00 12.00 3.40 percent [+]
United States 5.60 Dec/14 5.80 10.80 2.50 percent [+]