Euro Area Unemployment Rate

Unemployment Rate In the Euro Area remained unchanged at 11.60 percent in May of 2014 from 11.60 percent in April of 2014. Unemployment Rate in the Euro Area averaged 9.65 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.

   
 
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Euro Area Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
11.60 11.60 12.00 7.20 1995 - 2014 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.


Euro Area Jobless Rate at 11.6% in May


The Euro Area seasonally-adjusted unemployment rate was 11.6 percent in May 2014, stable compared with April 2014 but down from 12.0 percent in May 2013.

The EU28 unemployment rate was 10.3% in May 2014, down from 10.4% in April 2014, and from 10.9% in May 2013.

Eurostat estimates that 25.184 million men and women in the EU28, of whom 18.552 million were in the euro area, were unemployed in May 2014. Compared with April 2014, the number of persons unemployed decreased by 63 000 in the EU28 and by 28 000 in the euro area. Compared with May 2013, unemployment fell by 1.361 million in the EU28 and by 636 000 in the euro area. 

Among the Member States, the lowest unemployment rates were recorded in Austria (4.7%), Germany (5.1%) and Malta (5.7%), and the highest in Greece (26.8% in March 2014) and Spain (25.1%). 

Compared with a year ago, the unemployment rate fell in twenty one Member States, increased in six and remained stable in Austria. The largest decreases were registered in Hungary (10.5% to 7.9% between April 2013 and April 2014), Portugal (16.9% to 14.3%) and Ireland (13.9% to 12.0%), and the highest increases in Luxembourg (5.8% to 6.3%), Italy (12.1% to 12.6%), Finland (8.1% to 8.5%) and the Netherlands (6.6% to 7.0%). 

In May 2014, 5.187 million young persons (under 25) were unemployed in the EU28, of whom 3.356 million were in the euro area. Compared with May 2013, youth unemployment decreased by 464 000 in the EU28 and by 205 000 in the euro area. 

In May 2014, the youth unemployment rate was 22.2% in the EU28 and 23.3% in the euro area, compared with 23.6% and 23.9% respectively in May 2013. In May 2014, the lowest rates were observed in Germany (7.8%), Austria (8.9%) and the Netherlands (10.8%), and the highest in Greece (57.7% in March 2014), Spain (54.0%) and Croatia (48.7% in the first quarter of 2014).

Anna Fedec | anna@tradingeconomics.com
7/1/2014 10:09:44 AM


Recent Releases

Euro Area Unemployment Edges Down to 16-Month Low
In April, the Euro Area seasonally-adjusted unemployment rate was 11.7 percent, down from 11.8 percent in March and from 12.0 percent in April of 2013. This is the lowest value since December of 2012. The youth unemployment rate was 23.5 percent, down from 23.9 percent a year earlier. Published on 2014-06-03

Euro Area Unemployment Rate at 11.8%
The euro area seasonally-adjusted unemployment rate was 11.8 percent in March 2014, unchanged from a downward revised 11.8 percent in February and stable since December 2013. It was 12.0 percent in March 2013. Published on 2014-05-02


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 11.8% 11.8% (R) 11.9% 12%
2014-06-03 10:00 AM Euro Area
Unemployment Rate
Apr 2014 11.7% 11.8% 11.8% 11.9%
2014-07-01 10:00 AM Euro Area
Unemployment Rate
May 2014 11.6% 11.6% (R) 11.7% 11.7%
2014-07-31 10:00 AM Euro Area
Unemployment Rate
Jun 2014 11.6% 11.6% 11.6%


Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.60 11.60 12.00 7.20 Percent [+]
Employed Persons 146.09 145.98 150.37 117.36 Million [+]
Unemployed Persons 18.55 18.58 19.39 11.37 Thousand [+]
Long Term Unemployment Rate 6.30 6.20 6.30 2.90 percent [+]
Youth Unemployment Rate 23.30 23.40 24.10 14.70 Percent [+]
Productivity 104.40 104.30 104.40 84.30 Index Points [+]
Wages 731464.00 728680.00 731464.00 0.00 EUR Million [+]
Labour Costs 114.80 114.00 114.80 91.50 Index Points [+]
Population 332.88 331.96 332.88 258.14 Million [+]





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