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

Unemployment Rate In the Euro Area decreased to 11.30 percent in February of 2015 from 11.40 percent in January of 2015. Unemployment Rate in the Euro Area averaged 9.71 percent from 1995 until 2015, 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
11.30 11.40 12.00 7.20 1995 - 2015 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 - 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 Thursday, April 2, 2015.


Euro Area Unemployment Rate Down to 11.3%


The Euro Area seasonally-adjusted unemployment rate was 11.3 percent in February, down from a revised 11.4 percent in January. This is the lowest rate since May 2012.

Among the Member States, the lowest unemployment rates in February 2015 were recorded in Germany (4.8%) and Austria (5.3%), and the highest in Greece (26.0% in December 2014) and Spain (23.2%).

The European Union (EU28) unemployment rate was 9.8%, down from 9.9%. In February, 23.887 million men and women in the (EU28), of whom 18.204 million in the euro area, were unemployed. Compared with January 2015, the number of persons unemployed decreased by 91 000 in the EU28 and by 49 000 in the Euro Area. Compared with February 2014, unemployment fell by 1.547 million in the EU28 and by 643 000 in the Euro Area.

Compared with a year ago, the unemployment rate in February 2015 fell in twenty-two Member States and increased in six Member States. The largest decreases were registered in Estonia (8.4% to 6.2% between January 2014 and January 2015), Ireland (12.1% to 9.9%) and Bulgaria (12.3% to 10.2%). The largest increases were registered in Croatia (17.3% to 18.5%), Cyprus (15.6% to 16.3%) and Finland (8.4% to 9.1%).

In February 2015, 4.850 million young persons (under 25) were unemployed in the EU28, of whom 3.245 million were in the Euro Area. Compared with February 2014, youth unemployment decreased by 494 000 in the EU28 and by 230 000 in the Auro Area. In February 2015, the youth unemployment rate was 21.1% in the EU28 and 22.9% in the Euro Area, compared with 22.9% and 24.0% respectively in February 2014. In February 2015, the lowest rates were observed in Germany (7.2%), Austria (9.0%) and Denmark (10.2%), and the highest in Greece (51.2% in December 2014), Spain (50.7%), Croatia (46.4% in the fourth quarter 2014) and Italy (42.6%).

Eurostat | Nuno Fontes | nuno@tradingeconomics.com
3/31/2015 1:22:09 PM


Recent Releases

Euro Area Unemployment Lowest in Almost 3 Years
The Euro area seasonally-adjusted unemployment rate was 11.2 percent in January of 2015, down from a revised 11.3 percent in December 2014, and from 11.8 percent in January 2014. It is the lowest rate since April 2012. Published on 2015-03-02

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. Published on 2015-01-30


Calendar GMT Event Actual Previous Consensus Forecast (i)
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
11.2% 11.3%(R) 11.4% 11.4%
2015-03-31 10:00 AM
Unemployment Rate  Feb
11.3% 11.4% (R) 11.2% 11.1%
2015-04-30 10:00 AM
Unemployment Rate  Mar
11.3% 11.3%
2015-06-03 10:00 AM
Unemployment Rate  Apr
11.3%
2015-06-30 10:00 AM
Unemployment Rate  May
11.3%


Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.30 11.40 12.00 7.20 percent [+]
Employed Persons 148.63 148.43 150.37 117.36 Million [+]
Unemployed Persons 17915.00 18129.00 19203.00 11369.00 Thousand [+]
Long Term Unemployment Rate 5.90 6.10 6.30 2.90 percent [+]
Youth Unemployment Rate 22.90 23.10 24.10 14.70 percent [+]
Productivity 102.00 101.80 102.10 84.50 Index Points [+]
Wages 1681.00 1676.00 1681.00 1302.00 EUR [+]
Labour Costs 105.39 105.11 105.39 79.03 Index Points [+]
Population 334.57 333.11 334.57 260.38 Million [+]
Employment Change 0.10 0.20 0.60 -0.70 percent [+]
Retirement Age Men 64.32 64.33 64.33 62.47 [+]
Retirement Age Women 63.59 63.35 63.59 61.59 [+]
Wage Growth 1.00 1.40 4.40 0.80 percent [+]


Unemployment Rate Reference Previous Highest Lowest Unit
Australia 6.30 Feb/15 6.40 10.90 4.00 percent [+]
Brazil 5.90 Feb/15 5.30 13.10 4.30 percent [+]
Canada 6.80 Feb/15 6.60 13.10 2.90 percent [+]
China 4.10 Dec/14 4.10 4.30 3.90 percent [+]
Euro Area 11.30 Feb/15 11.40 12.00 7.20 percent [+]
France 10.40 Nov/14 10.30 10.80 7.20 percent [+]
Germany 4.80 Feb/15 4.80 14.20 0.40 percent [+]
India 4.90 Dec/13 5.20 9.40 4.90 percent [+]
Indonesia 5.94 Aug/14 5.70 11.24 2.00 percent [+]
Italy 12.70 Feb/15 12.60 13.20 5.90 percent [+]
Japan 3.50 Feb/15 3.60 5.60 1.00 percent [+]
Mexico 4.33 Feb/15 4.51 5.93 2.22 percent [+]
Netherlands 7.10 Feb/15 7.20 8.80 3.40 percent [+]
Russia 5.80 Feb/15 5.50 14.10 4.80 percent [+]
South Korea 3.90 Feb/15 3.40 7.10 2.90 percent [+]
Spain 23.70 Nov/14 23.67 26.94 4.41 percent [+]
Switzerland 3.50 Feb/15 3.50 5.40 1.60 percent [+]
Turkey 10.90 Dec/14 10.70 16.10 8.00 percent [+]
United Kingdom 5.70 Jan/15 5.70 12.00 3.40 percent [+]
United States 5.50 Feb/15 5.70 10.80 2.50 percent [+]