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

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

   
 
 
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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 Monday, September 1, 2014.


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.

Eurostat estimates that 24.850 million men and women in the European Union, of whom 18.409 million were in the Euro Area, were unemployed in July 2014. Compared with June 2014, the number of persons unemployed decreased by 41 000 in the EU28 and remained nearly stable in the Euro Area. Compared with July 2013, unemployment fell by 1.634 million in the EU28 and by 725 000 in the Euro Area. 

Among the Member States, the lowest unemployment rates were recorded in Germany and Austria (both 4.9%), and the highest in Greece (27.2% in May 2014) and Spain (24.5%). 

Compared with a year ago, the unemployment rate fell in twenty-two Member States, increased in three and remained stable in three. The largest decreases were registered in Hungary (10.4% to 8.1% between June 2013 and June 2014), Portugal (16.3% to 14.0%), Croatia (18.1% to 16.2%), Spain (26.2% to 24.5%) and Ireland (13.1% to 11.5%). The only increases were registered in Finland (8.1% to 8.7%), Italy (12.1% to 12.6%) and Luxembourg (5.9% to 6.3%)

In July 2014, 5.062 million young persons (under 25) were unemployed in the EU28, of whom 3.327 million were in the Euro Area. Compared with July 2013, youth unemployment decreased by 563 000 in the EU28 and by 226 000 in the Euro Area. In July 2014, the youth unemployment rate was 21.7% in the EU28 and 23.2% in the Euro Area, compared with 23.6% and 24.0% respectively in July 2013. This is the lowest rate for the EU28 since September 2011 and for the Euro Area since June 2012. In July 2014, the lowest rates were observed in Germany (7.8%), Austria (9.3%) and the Netherlands (10.4%), and the highest in Spain (53.8%), Greece (53.1% in May 2014), Italy (42.9%) and Croatia (41.5% in the second quarter 2014). 

Eurostat | Nuno Fontes | nuno@tradingeconomics.com
8/29/2014 10:07:21 AM


Recent Releases

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

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. Published on 2014-07-01


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 11.5% 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% 11.4%


Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.50 11.50 12.00 7.20 Percent [+]
Employed Persons 146.09 145.98 150.37 117.36 Million [+]
Unemployed Persons 18409.00 18412.00 19203.00 11369.00 Thousand [+]
Long Term Unemployment Rate 6.30 6.20 6.30 2.90 percent [+]
Youth Unemployment Rate 23.10 23.20 24.10 14.70 Percent [+]
Productivity 107.90 107.50 107.90 94.30 Index Points [+]
Wages 736726.00 734055.00 736726.00 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 [+]
Retirement Age Men 64.32 64.33 64.33 62.47 [+]
Retirement Age Women 63.59 63.35 63.59 61.59 [+]


Unemployment Rate Reference Previous Highest Lowest Unit
Australia 6.40 Jul/14 6.00 10.90 4.00 Percent [+]
Brazil 4.90 Apr/14 5.00 13.10 4.30 Percent [+]
Canada 7.00 Jul/14 7.10 13.10 2.90 Percent [+]
China 4.10 Jun/14 4.10 4.30 3.90 Percent [+]
Euro Area 11.50 Jul/14 11.50 12.00 7.20 Percent [+]
France 10.10 Feb/14 10.10 10.80 7.20 Percent [+]
Germany 4.90 Jul/14 5.00 14.20 0.40 Percent [+]
India 5.20 Dec/12 6.30 9.40 5.20 Percent [+]
Indonesia 5.70 Feb/14 6.17 11.24 2.00 Percent [+]
Italy 12.60 Jul/14 12.30 12.80 5.90 Percent [+]
Japan 3.80 Jul/14 3.70 5.60 1.00 Percent [+]
Mexico 5.47 Jul/14 4.80 5.93 2.22 Percent [+]
Netherlands 8.20 Jul/14 8.40 8.80 3.40 Percent [+]
Russia 4.90 Jul/14 4.90 14.10 4.90 Percent [+]
South Korea 3.40 Jul/14 3.60 7.10 2.90 Percent [+]
Spain 24.47 May/14 25.93 26.94 4.41 Percent [+]
Switzerland 2.90 Jul/14 2.90 5.40 1.60 Percent [+]
Turkey 8.80 May/14 9.00 16.10 8.00 Percent [+]
United Kingdom 6.40 Jun/14 6.50 12.00 3.40 Percent [+]
United States 6.20 Jul/14 6.10 10.80 2.50 Percent [+]





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