Euro Area Unemployment Rate  1995-2016 | Data | Chart | Calendar

The seasonally-adjusted unemployment rate in the Eurozone came in at 10.2 percent in March of 2016 from an upwardly revised 10.4 percent in the previous month, beating market expectations of 10.3 percent. It is the lowest figure since August of 2011. Unemployment Rate in the Euro Area averaged 9.78 percent from 1995 until 2016, reaching an all time high of 12.10 percent in April 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.

Euro Area Unemployment Rate
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Actual Previous Highest Lowest Dates Unit Frequency
10.20 10.30 12.10 7.20 1995 - 2016 percent Monthly
SA
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 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 - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-01 10:00 AM Jan 10.3% 10.4% 10.4% 10.3%
2016-04-04 09:00 AM Feb 10.3% 10.4% 10.3% 10.2%
2016-04-29 09:00 AM Mar 10.2% 10.4% 10.3% 10.3%
2016-05-31 09:00 AM Apr 10.2% 10.2%
2016-07-01 09:00 AM May 10.1%
2016-07-29 09:00 AM Jun 10%

Euro Area Unemployment Rate Falls to Fresh 4-1/2-Year Low


The seasonally-adjusted unemployment rate in the Eurozone came in at 10.2 percent in March of 2016 from an upwardly revised 10.4 percent in the previous month, beating market expectations of 10.3 percent. It is the lowest figure since August of 2011.

The EU28 unemployment rate was 8.8 percent in March 2016, down from 8.9 percent in February 2016, and from 9.7 percent in March 2015. This is the lowest rate recorded in the EU28 for seven years, since April 2009.  Among the Member States, the lowest unemployment rates in March 2016 were recorded in the Czech Republic (4.1 percent) and Germany (4.2 percent). The highest unemployment rates were observed in Greece (24.4 percent in January 2016) and Spain (20.4 percent).

Compared with a year ago, the unemployment rate in March 2016 fell in twenty-five Member States and increased in Austria (from 5.6 percent to 5.8 percent), Latvia (from 9.8 percent to 9.9 percent) and Finland (from 9.2 percent to 9.3 percent). The largest decreases were registered in Cyprus (from 16.2 percent to 12.1 percent), Bulgaria (from 10.0 percent to 7.3 percent) and Spain (from 23 percent to 20.4 percent).

21.419 million men and women in the EU28, of whom 16.437 million were in the euro area, were unemployed in March 2016. Compared with February 2016, the number of persons unemployed decreased by 250 000 in the EU28 and by 226 000 in the euro area. Compared with March 2015, unemployment fell by 2.091 million in the EU28 and by 1.477 million in the euro area.

4.287 million young persons (under 25) were unemployed in the EU28, of whom 2.936 million were in the euro area. Compared with March 2015, youth unemployment decreased by 498 000 in the EU28 and by 286 000 in the euro area. In March 2016, the youth unemployment rate was 19.1 percent in the EU28 and 21.2 percent in the euro area, compared with 20.9 percent and 22.7 percent respectively in March 2015. In March 2016, the lowest rates were observed in Germany (6.9 percent), the Czech Republic and Malta (both 9.8 percent), and the highest in Greece (51.9 percent in January 2016), Spain (45.5 percent), Croatia (39  percent in the first quarter 2016) and Italy (36.7 percent).

Eurostat | Mojdeh Kazemi | mojdeh@tradingeconomics.com
4/29/2016 10:36:26 AM

Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 10.20 10.30 12.10 7.20 percent [+]
Unemployed Persons 16311.00 16504.00 19167.00 11295.00 Thousand [+]
Employed Persons 151.86 151.39 151.86 117.36 Million [+]
Long Term Unemployment Rate 5.30 5.70 6.30 2.80 percent [+]
Youth Unemployment Rate 21.20 21.60 24.60 14.90 percent [+]
Productivity 102.50 102.30 102.50 84.50 Index Points [+]
Labour Costs 106.08 105.61 106.08 79.04 Index Points [+]
Wages 1681.00 1676.00 1681.00 1302.00 EUR/Month [+]
Wage Growth 1.50 1.40 3.80 0.90 percent [+]
Population 338.47 337.47 338.47 260.38 Million [+]
Full Time Employment 111274.20 109946.00 118857.50 107443.80 Thousand [+]
Employment Change 0.30 0.20 0.60 -0.70 percent [+]
Part Time Employment 30220.60 30544.20 30544.20 19769.20 Thousand [+]
Labor Force Participation Rate 56.80 56.80 57.30 55.00 percent [+]
Retirement Age Men 64.63 64.48 64.63 62.47 [+]
Retirement Age Women 63.94 63.77 63.94 61.59 [+]




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Egypt 12.77 Dec/15
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Portugal 12.20 Dec/15
Cyprus 12.10 Mar/16
South Sudan 12.00 Dec/08
Iran 11.80 Mar/16
Puerto Rico 11.80 Mar/16
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Brazil 10.90 Mar/16
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Nigeria 10.40 Dec/15
France 10.30 Dec/15
Tanzania 10.30 Dec/14
Euro Area 10.20 Mar/16
Colombia 10.10 Mar/16
Finland 10.10 Mar/16
Poland 10.00 Mar/16
Slovakia 9.90 Mar/16
Ukraine 9.90 Dec/15
Bulgaria 9.88 Mar/16
Latvia 9.80 Dec/15
Costa Rica 9.60 Dec/15
Morocco 9.50 Dec/15
Austria 9.10 Apr/16
Lithuania 8.90 Mar/16
Suriname 8.90 Dec/14
European Union 8.80 Mar/16
Ireland 8.60 Mar/16
Belgium 8.50 Mar/16
Mongolia 8.30 Dec/15
Mali 8.20 Dec/14
Uruguay 8.00 Feb/16
Fiji 7.90 Dec/14
Mauritius 7.90 Dec/15
Chad 7.80 Dec/12
Burundi 7.70 Dec/12
Sweden 7.70 Mar/16
Central African Republic 7.60 Dec/12
Bolivia 7.40 Dec/13
Peru 7.20 Mar/16
Canada 7.10 Mar/16
Comoros 7.00 Dec/12
El Salvador 7.00 Dec/14
Brunei 6.90 Dec/14
Togo 6.90 Dec/13
Nicaragua 6.80 Dec/14
Burkina Faso 6.60 Dec/14
Malawi 6.60 Dec/13
Luxembourg 6.50 Mar/16
Estonia 6.40 Dec/15
Lebanon 6.40 Dec/14
Netherlands 6.40 Mar/16
Romania 6.40 Mar/16
Chile 6.30 Mar/16
Indonesia 6.18 Sep/15
Czech Republic 6.10 Mar/16
Hungary 6.00 Mar/16
Russia 6.00 Mar/16
Venezuela 6.00 Dec/15
Argentina 5.90 Sep/15
Pakistan 5.90 Dec/15
Paraguay 5.80 Dec/15
Philippines 5.80 Mar/16
Australia 5.70 Mar/16
New Zealand 5.70 Mar/16
Ecuador 5.65 Dec/15
Cayman Islands 5.60 Dec/15
Saudi Arabia 5.60 Dec/15
Israel 5.30 Mar/16
Ivory Coast 5.30 Dec/13
Ghana 5.20 Dec/13
Malta 5.20 Dec/15
Kazakhstan 5.10 Mar/16
United Kingdom 5.10 Feb/16
Azerbaijan 5.00 Dec/13
United States 5.00 Mar/16
India 4.90 Dec/13
Seychelles 4.70 Dec/14
Norway 4.60 Feb/16
Bangladesh 4.30 Dec/14
Honduras 4.30 Dec/13
Sri Lanka 4.30 Dec/15
Denmark 4.20 Mar/16
Germany 4.20 Mar/16
Moldova 4.20 Dec/15
United Arab Emirates 4.20 Dec/12
North Korea 4.10 Dec/14
China 4.05 Dec/15
Myanmar 4.02 Dec/13
Cameroon 4.00 Dec/13
Taiwan 3.92 Mar/16
Guinea 3.80 Dec/12
Liberia 3.80 Dec/14
South Korea 3.80 Mar/16
Uganda 3.80 Dec/13
Bahrain 3.70 Dec/12
Mexico 3.70 Mar/16
Switzerland 3.60 Mar/16
Hong Kong 3.40 Mar/16
Malaysia 3.40 Feb/16
Rwanda 3.40 Dec/12
Trinidad and Tobago 3.40 Sep/15
Iceland 3.30 Mar/16
Sierra Leone 3.30 Dec/14
Japan 3.20 Mar/16
Kuwait 3.10 Dec/13
Guatemala 2.90 Jun/14
Cuba 2.70 Dec/14
Nepal 2.70 Dec/13
Bhutan 2.60 Dec/15
Panama 2.50 Dec/15
Papua New Guinea 2.50 Dec/14
Liechtenstein 2.40 Dec/15
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Vietnam 2.31 Dec/15
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Macau 1.90 Mar/16
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Laos 1.40 Dec/14
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