Euro Area Unemployment Rate

Unemployment Rate In the Euro Area increased to 12.10 percent in March of 2013 from 12 percent in February of 2013. Unemployment Rate In the Euro Area is reported by the Eurostat. Historically, from 1995 until 2013, Euro Area Unemployment Rate averaged 9.31 Percent reaching an all time high of 12.10 Percent in March of 2013 and a record low of 7.20 Percent in February of 2008. 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 includes a chart with historical data for Euro Area Unemployment Rate.

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Euro Area Unemployment Rate
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Euro Area Unemployment Rate Up to 12.1% in March
Eurostat | Nuno Fontes | nuno@tradingeconomics.com  |  4/30/2013 10:08:23 AM


The Euro Area seasonally-adjusted unemployment rate was 12.1 percent in March 2013, up from 12.0 percent in February. The EU27 unemployment rate was 10.9 percent, stable compared with February. In both zones, rates have risen markedly compared with March 2012, when they were 11.0 percent and 10.3 percent respectively.

Eurostat estimates that 26.521 million men and women in the EU27, of whom 19.211 million were in the Euro Area, were unemployed in March 2013. Compared with February 2013, the number of persons unemployed increased by 69 000 in the EU27 and by 62 000 in the Euro Area. Compared with March 2012, unemployment rose by 1.814 million in the EU27 and by 1.723 million in the Euro Area.

Among the Member States, the lowest unemployment rates were recorded in Austria (4.7 percent), Germany (5.4 percent) and Luxembourg (5.7 percent), and the highest in Greece (27.2 percent in January), Spain (26.7 percent) and Portugal (17.5 percent).
 
Compared with a year ago, the unemployment rate increased in nineteen Member States and fell in eight. The   highest increases were registered in Greece (21.5 percent to 27.2 percent between January 2012 and January 2013), Cyprus (10.7 percent to 14.2 percent), Spain (24.1 percent to 26.7 percent) and Portugal (15.1 percent to 17.5 percent). The largest decreases were observed in Latvia (15.6 percent to 14.3 percent between the fourth quarters of 2011 and 2012), Estonia (10.6 percent to 9.4 percent between February 2012 and February 2013) and Ireland (15.0 percent to 14.1 percent).
 

ARCHIVE
Euro Area Unemployment Rate Stable at 12% in February The Euro Area seasonally-adjusted unemployment rate was 12.0 percent in February 2013, stable compared with January. The EU27 unemployment rate was 10.9 percent, up from 10.8 percent in the previous month. In both zones, rates have risen markedly compared with February 2012, when they were 10.9 percent and 10.2 percent respectively. 2013-04-02
Euro Area Unemployment Rate at 11.6 Percent in September The euro area (EA17) seasonally-adjusted unemployment rate was 11.6 percent in September 2012, up from 11.5 percent in August. 2012-10-31
Euro Area Unemployment Rate Rises to Record 11.9 Percent in January The euro area seasonally-adjusted unemployment rate was 11.9 percent in January of 2013, up from 11.8 percent in December of 2012. The EU27 unemployment rate was 10.8 percent, up from 10.7 percent in the previous month. In both zones, rates have risen markedly compared with January of 2012, when they were 10.8 percent and 10.1 percent respectively. 2013-03-01
Euro Area Unemployment Rate at 11.2 Percent in August The euro area (EA17) seasonally-adjusted unemployment rate was 11.4 percent in August 2012, stable compared with July. In the Euro Area, the rate has risen compared with August 2011, when it was 10.2 percent. 2012-10-01
Euro Area Unemployment Rate at 11.7 Percent in December The euro area seasonally-adjusted unemployment rate was 11.7 percent in December 2012, stable compared with November. The EU27 unemployment rate was 10.7 percent, also stable compared with November. In both zones, rates have risen markedly compared with December 2011, when they were 10.7 percent and 10.0 percent respectively. 2013-02-01
Euro Area Unemployment Rate at 11.2% in June The euro area (EA17) seasonally-adjusted unemployment rate was 11.2% in June 2012, stable compared with May. It was 10.0% in June 2011. 2012-08-01
Euro Area Unemployment Rate Rises to Record 11.8% in November The euro area (EU17) seasonally-adjusted unemployment rate was 11.8% in November 2012, up from 11.7% in October. The EU27 unemployment rate was 10.7% in November 2012, stable compared with October. In both zones, rates have risen markedly compared with November 2011, when they were 10.6% and 10.0% respectively. 2013-01-08
Euro Area Unemployment Rate at 11.1% in May The euro area (EA17) seasonally-adjusted unemployment rate was 11.1% in May 2012, compared with 11.0% in April. It was 10.0% in May 2011. 2012-07-09
Euro Area Unemployment Rate at 11.7 in October The euro area seasonally-adjusted unemployment rate was 11.7% in October 2012, up from 11.6% in September. 2012-11-30



Unemployment Rate | Notes

The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.






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