Euro Area Unemployment Rate

Unemployment Rate In the Euro Area remained unchanged at 11.90 percent in February of 2014 from 11.90 percent in January of 2014. Unemployment Rate In the Euro Area is reported by the Eurostat. Unemployment Rate in the Euro Area averaged 9.59 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. in the 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. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
11.90 11.90 12.00 7.20 12.00 | 2014/03 1995 - 2014 Percent Monthly
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Euro Area Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-08 10:00 AM Euro Area
Unemployment Rate
Nov 2013 12.1% 12.1% 12.1% 12.1%
2014-01-31 10:00 AM Euro Area
Unemployment Rate
Dec 2013 12.0% 12.1% 12.1% 12.1%
2014-02-28 10:00 AM Euro Area
Unemployment Rate
Jan 2014 12.0% 12.0% 12.0% 12.1%
2014-04-01 10:00 AM Euro Area
Unemployment Rate
Feb 2014 11.9% 11.9% (R) 12% 12.1%
2014-05-02 10:00 AM Euro Area
Unemployment Rate
Mar 2014 11.9% 12%
2014-06-03 10:00 AM Euro Area
Unemployment Rate
Apr 2014 11.9%
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Labour Last Previous Highest Lowest Forecast Unit
Population 332.88 2012-12-31 331.96 332.88 258.14 333.83 2013-12-31 Million [+]
Employed Persons 145.02 2013-11-15 144.91 150.37 117.36 144.27 2013-11-30 Million [+]
Labour Costs 114.10 2013-08-15 114.00 114.10 91.50 114.50 2013-12-31 Index Points [+]
Long Term Unemployment Rate 5.90 2013-09-30 5.90 6.00 2.90 6.37 2013-12-31 percent [+]
Productivity 104.20 2013-11-15 104.00 104.20 84.30 104.34 2014-03-31 Index Points [+]
Unemployed Persons 18.85 2014-02-15 18.88 19.39 11.37 18.79 2014-03-31 Thousand [+]
Wages 726969.00 2013-08-15 726315.00 727632.00 0.00 728640.69 2013-12-31 EUR Million [+]
Youth Unemployment Rate 23.50 2014-02-15 23.60 24.20 14.70 23.80 2014-03-31 Percent [+]
Unemployment Rate 11.90 2014-02-15 11.90 12.00 7.20 12.00 2014-03-31 Percent [+]
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Euro Area Unemployment Rate Steady in February

The euro area seasonally-adjusted unemployment rate was 11.9 percent in February 2014, unchanged from a downward revised 11.9 percent in January and steady since October of 2013. It was 12.0 percent in February of 2013.

The EU 28 unemployment was 10.6 percent in February of 2014, down from 10.7 percent in January and 10.9 percent in February of 2013. 

Eurostat estimates that 25.920 million men and women in the EU28, of whom 18.965 million were in the euro area, were unemployed in February 2014. Compared with January 2014, the number of persons unemployed decreased by 65 000 in the EU28 and by 35 000 in the euro area. Compared with February 2013, unemployment decreased by 619 000 in the EU28, and by 166 000 in the euro area. 

Among the Member States, the lowest unemployment rates were recorded in Austria (4.8 percent), Germany (5.1 percent) and Luxembourg (6.1 percent), and the highest in Greece (27.5 percent in December 2013) and Spain (25.6 percent). 

Compared with a year ago, the unemployment rate increased in eleven Member States, fell in fifteen and remained stable in Romania and Sweden. The highest increases were registered in Cyprus (14.7 percent to 16.7 percent), Greece (26.3 percent to 27.5 percent between December 2012 and December 2013), Italy (11.8 percent to 13.0 percent) and the Netherlands (6.2 percent to 7.3 percent). 

The largest decreases were observed in Hungary (11.2 percent to 8.3 percent between January 2013 and January 2014), Latvia (13.8 percent to 11.6 percent between the fourth quarters of 2012 and 2013), Portugal (17.5 percent to 15.3 percent), and Ireland (13.7 percent to 11.9 percent).  


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
4/1/2014 9:33:11 AM

RECENT RELEASES

Euro Area Unemployment Rate Stable at 12% in January
The euro area (EA18) seasonally-adjusted unemployment rate was 12.0% in January 2014, stable since October 2013. It was also 12.0% in January 2013. Published on 2014-02-28

Euro Area Unemployment Rate at 12% in December
The Euro Area unemployment rate was 12.0 percent in December of 2013, stable since October. It was 11.9 percent in December of 2012. The EU28 jobless rate was 10.7 percent in December, down from 10.8 percent in November. Eurostat estimates that 26.200 million men and women in the EU 28, of whom 19.010 million were in the euro area, were unemployed in December 2013. Published on 2014-01-31


Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


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