Euro Area Unemployment Rate 1995-2014 | Data | Chart | Calendar

Unemployment Rate In the Euro Area remained unchanged at 11.50 percent in August of 2014 from 11.50 percent in July of 2014. Unemployment Rate in the Euro Area averaged 9.66 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.

   
 
 

Euro Area Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
11.50 11.50 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. Content for - Euro Area Unemployment Rate - was last refreshed on Saturday, October 25, 2014.


Euro Area Unemployment Rate Steady at 11.5%


The euro area seasonally-adjusted jobless rate was 11.5 percent in August 2014, stable compared with July 2014, but down from 12.0 percent in August 2013. The EU 28 unemployment rate was 10.1 percent in August 2014, the lowest value since February 2012.

Eurostat estimates that 24.642 million men and women in the EU28, of whom 18.326 million were in the euro area, were unemployed in August 2014. Compared with July 2014, the number of persons unemployed decreased by 134 000 in the EU28 and by 137 000 in the euro area. Compared with August 2013, unemployment fell by 1.745 million in the EU28 and by 834 000 in the euro area. 

Among the Member States, the lowest unemployment rates were recorded in Austria (4.7 percent) and Germany (4.9 percent), and the highest in Greece (27.0 percent in June 2014) and Spain (24.4 percent). Compared with a year ago, the unemployment rate fell in twenty-two Member States, increased in four and remained stable in two. The largest decreases were registered in Hungary (10.2 percent to 7.8 percent between July 2013 and July 2014), Portugal (16.1 percent to 14.0 percent), Spain (26.1 percent to 24.4 percent) and Croatia (18.2 percent to 16.5 percent), and the highest increases were registered in Finland (8.1 percent to 8.6 percent) and France (10.2 percent to 10.5 percent) In August 2014, the unemployment rate in the United States was 6.1 percent, down from 6.2 percent in July 2014, and from 7.2 percent in August 2013.

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
9/30/2014 10:22:36 AM


Recent Releases

Euro Area Unemployment Unchanged at 11.5%
In July, the Euro Area seasonally-adjusted unemployment rate was 11.5 percent, unchanged from June and at the lowest level since September of 2012. Youth jobless rate edged up to 23.2 percent. Published on 2014-08-29

Euro Area Unemployment Edges Down to 11.5% in June
The Euro Area seasonally-adjusted unemployment rate was 11.5 percent in June 2014, down by 0.1 percentage points compared with May 2014, the lowest level since September of 2012. Youth jobless rate fell to 23.1 percent. Published on 2014-07-31


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 11.5% 11.6% 11.6% 11.6%
2014-08-29 10:00 AM Euro Area
Unemployment Rate
Jul 2014 11.5% 11.5% 11.5% 11.5%
2014-09-30 10:00 AM Euro Area
Unemployment Rate
Aug 2014 11.5% 11.5% 11.5% 11.5%
2014-10-31 10:00 AM Euro Area
Unemployment Rate
Sep 2014 11.5% 11.5% 11.5%


Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.50 11.50 12.00 7.20 Percent [+]
Employed Persons 146.47 146.11 150.37 117.36 Million [+]
Unemployed Persons 18326.00 18409.00 19203.00 11369.00 Thousand [+]
Long Term Unemployment Rate 6.10 6.30 6.30 2.90 percent [+]
Youth Unemployment Rate 23.30 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 [+]