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

Unemployment Rate In the Euro Area decreased to 11.20 percent in January of 2015 from 11.30 percent in December of 2014. Unemployment Rate in the Euro Area averaged 9.70 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
11.20 11.30 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 Wednesday, March 4, 2015.


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.

Eurostat estimates that 23.815 million men and women in the EU28, of whom 18.059 million were in the euro area, were unemployed in January 2015. Compared with December 2014, the number of persons unemployed decreased by 156 000 in the EU28 and by 140 000 in the euro area. Compared with January 2014, unemployment fell by 1.820 million in the EU28 and by 896 000 in the euro area.

Among the Member States, the lowest unemployment rates in January 2015 were recorded in Germany (4.7 percent) and Austria (4.8 percent), and the highest in Greece (25.8 percent in November 2014) and Spain (23.4 percent).

Compared with a year ago, the unemployment rate in January 2015 fell in twenty-four Member States, remained stable in Belgium and increased in Cyprus (15.7 percent to 16.1 percent), Finland (8.4 percent to 8.8 percent) and France (10.1 percent to 10.2 percent). The largest decreases were registered in Spain (25.5 percent to 23.4 percent), Estonia (8.5 percent to 6.4 percent) and Ireland (12.1 percent to 10.0 percent). 

In January 2015, 4.889 million young persons (under 25) were unemployed in the EU28, of whom 3.281 million were in the euro area. Compared with January 2014, youth unemployment decreased by 562 000 in the EU28 and by 259 000 in the euro area. In January 2015, the youth unemployment rate5 was 21.2 percent in the EU28 and 22.9 percent in the euro area, compared with 23.3 percent and 24.3 percent respectively in January 2014. In January 2015, the lowest rates were observed in Germany (7.1 percent), Austria (8.2 percent) and Denmark (10.8 percent), and the highest in Spain (50.9 percent), Greece (50.6 percent in November 2014), Croatia (44.1 percent in the fourth quarter 2014) and Italy (41.2 percent).

Eurostat | Carolina Cunha | carolina.cunha@tradingeconomics.com
3/2/2015 1:18:51 PM


Recent Releases

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

Euro Area Unemployment Rate Steady at 11.5%
The Euro Area seasonally-adjusted unemployment rate was 11.5% in November, unchanged since June of 2014 and the lowest since September of 2012. Published on 2015-01-07


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-01-07 10:00 AM
Unemployment Rate  Nov
11.5% 11.5% 11.5% 11.5%
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%
2015-04-30 10:00 AM
Unemployment Rate  Mar
11.3%
2015-06-03 10:00 AM
Unemployment Rate  Apr
11.3%


Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.20 11.30 12.00 7.20 percent [+]
Employed Persons 148.18 147.87 150.37 117.36 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 23.00 23.30 24.10 14.70 percent [+]
Productivity 102.00 102.10 102.30 84.50 Index Points [+]
Wages 1681.00 1676.00 1681.00 1302.00 EUR [+]
Labour Costs 105.23 104.79 105.23 79.03 Index Points [+]
Population 334.57 333.11 334.57 260.38 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 Jan/15 6.10 10.90 4.00 percent [+]
Brazil 5.30 Jan/15 4.30 13.10 4.30 percent [+]
Canada 6.60 Jan/15 6.70 13.10 2.90 percent [+]
China 4.10 Nov/14 4.10 4.30 3.90 percent [+]
Euro Area 11.20 Jan/15 11.30 12.00 7.20 percent [+]
France 10.40 Aug/14 10.10 10.80 7.20 percent [+]
Germany 4.70 Jan/15 4.80 14.20 0.40 percent [+]
India 5.20 Dec/12 6.30 9.40 5.20 percent [+]
Indonesia 5.94 Aug/14 5.70 11.24 2.00 percent [+]
Italy 12.60 Jan/15 12.70 13.30 5.90 percent [+]
Japan 3.60 Jan/15 3.40 5.60 1.00 percent [+]
Mexico 4.51 Jan/15 3.76 5.93 2.22 percent [+]
Netherlands 7.20 Jan/15 7.20 8.80 3.40 percent [+]
Russia 5.50 Jan/15 5.30 14.10 4.80 percent [+]
South Korea 3.40 Jan/15 3.50 7.10 2.90 percent [+]
Spain 23.70 Nov/14 23.67 26.94 4.41 percent [+]
Switzerland 3.50 Jan/15 3.40 5.40 1.60 percent [+]
Turkey 10.70 Nov/14 10.40 16.10 8.00 percent [+]
United Kingdom 5.70 Dec/14 5.80 12.00 3.40 percent [+]
United States 5.70 Jan/15 5.60 10.80 2.50 percent [+]