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

Unemployment Rate In the Euro Area decreased to 11.50 percent in June of 2014 from 11.60 percent in May 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 11.60 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. Content for - Euro Area Unemployment Rate - was last refreshed on Thursday, August 21, 2014.


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.

The EU28 unemployment rate was 10.2 percent in June 2014, down from 10.3 percent in May 2014, and from 10.9 percent in June 2013. This is the lowest rate recorded since March 2012.

Eurostat estimates that 25.005 million men and women in the EU28, of whom 18.412 million were in the euro area, were unemployed in June 2014. Compared with May 2014, the number of persons unemployed decreased by 198 000 in the EU28 and by 152 000 in the euro area. Compared with June 2013, unemployment fell by 1.537 million in the EU28 and by 783 000 in the euro area.

Among the Member States, the lowest unemployment rates were recorded in Austria (5.0 percent), Germany (5.1 percent) and Malta (5.6 percent), and the highest in Greece (27.3 percent in April 2014) and Spain (24.5 percent).

Compared with a year ago, the unemployment rate fell in twenty one Member States, increased in five and remained stable in the Netherlands and Sweden. The largest decreases were registered in Portugal (16.6 percent to 14.1 percent), Hungary (10.4 percent to 8.1 percent between May 2013 and May 2014), Ireland (13.6 percent to 11.8 percent), and Spain (26.2 percent to 24.5 percent) the highest increases in Finland (8.1 percent to 8.8 percent), Luxembourg (5.9 percent to 6.3 percent) Austria (4.7 percent to 5.0 percent). 

In June 2014, 5.129 million young persons (under 25) were unemployed in the EU28, of whom 3.319 million were in the euro area. Compared with June 2013, youth unemployment decreased by 506 000 in the EU28 and by 244 000 in the euro area. In June 2014, the youth unemployment rate was 22.0% in the EU28 and 23.1% in the euro area, compared with 23.6 percent and 23.9 percent respectively in June 2013. In June 2014, the lowest rates were observed in Germany (7.8 percent), Austria (9.0 percent) and the Netherlands (10.5 percent), and the highest in Greece (56.3 percent in April 2014), Spain (53.5 percent) and Italy (43.7 percent). 

Eurostat | Nuno Fontes | nuno@tradingeconomics.com
7/31/2014 10:12:47 AM


Recent Releases

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

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


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


Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.50 11.60 12.00 7.20 Percent [+]
Employed Persons 146.09 145.98 150.37 117.36 Million [+]
Unemployed Persons 18412.00 18564.00 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 104.40 104.30 104.40 84.30 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 Jun/14 11.60 12.00 7.20 Percent [+]
France 10.10 Feb/14 10.10 10.80 7.20 Percent [+]
Germany 5.10 Jun/14 5.10 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 12.30 Jun/14 12.60 12.80 5.90 Percent [+]
Japan 3.70 Jun/14 3.50 5.60 1.00 Percent [+]
Mexico 4.80 Jun/14 4.92 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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