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

Unemployment Rate In the Euro Area remained unchanged at 11.50 percent in October of 2014 from 11.50 percent in September of 2014. Unemployment Rate in the Euro Area averaged 9.68 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.

      Forecast    
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 Sunday, December 21, 2014.


Euro Area Unemployment Rate Stable at 11.5%


The Euro Area seasonally-adjusted unemployment rate was 11.5% in October, unchanged from the 4 previous months, but down from 11.9% in October 2013. This is the lowest level since September of 2012. The youth unemployment rate rose to 23.5%.

Among the Member States, the lowest unemployment rates were recorded in Germany (4.9 percent) and Austria (5.1 percent), and the highest in Greece (25.9 percent in August 2014) and Spain (24.0 percent).

The European Union (EU28) unemployment rate was 10.0 percent in October 2014, also stable compared with September 2014 and down from 10.7 percent in October 2013. Compared with a year ago, the unemployment rate in October 2014 fell in twenty-two Member States, increased in five and remained stable in Luxembourg. The largest decreases were registered in Hungary (10.0 percent to 7.3 percent between September 2013 and September 2014), Portugal (15.6 percent to 13.4 percent), Spain (26.0 percent to 24.0 percent), Bulgaria (13.0 percent to 11.1 percent) and Greece (27.8 percent to 25.9 percent between August 2013 and August 2014), and the highest increases were registered in Italy (12.3 percent to 13.2 percent) and Finland (8.3 percent to 8.9 percent). 

In October, 24.413 million men and women in the EU28, of whom 18.395 million in the Euro Area were unemployed. Compared with September, the number of persons unemployed increased by 42 000 in the EU28 and by 60 000 in the Euro Area. Compared with October 2013, unemployment fell by 1.549 million in the EU28 and by 547 000 in the Euro Area. 

In October, 4.983 million young persons (under 25) were unemployed in the EU28, of whom 3.356 million were in the Euro Area. Compared with October 2013, youth unemployment decreased by 504 000 in the EU28 and by 141 000 in the Euro Area. In October 2014, the youth unemployment rate was 21.6 percent in the EU28 and 23.5 percent in the Euro Area, compared with 23.3 percent and 24.0 percent respectively in October 2013. The lowest rates were observed in Germany (7.7 percent), the Netherlands (9.7 percent) and Austria (10.0 percent), and the highest in Spain (53.8 percent), Greece (49.3 percent in August 2014), Italy (43.3 percent) and Croatia (41.5 percent in the third quarter 2014). 

Eurostat | Nuno Fontes | nuno@tradingeconomics.com
11/28/2014 1:22:08 PM


Recent Releases

Euro Area Unemployment Rate Unchanged at 11.5%
The Euro Area seasonally-adjusted unemployment rate was 11.5 percent in September, stable compared with the previous three months. This is the lowest level since September of 2012. The youth unemployment rate fell to 23.3 percent. Published on 2014-10-31

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. Published on 2014-09-30


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-30 10:00 AM
Unemployment Rate  Aug
11.5% 11.5% 11.5% 11.5%
2014-10-31 10:00 AM
Unemployment Rate  Sep
11.5% 11.5% 11.5% 11.5%
2014-11-28 10:00 AM
Unemployment Rate  Oct
11.5% 11.5% 11.5% 11.5%
2015-01-07 10:00 AM
Unemployment Rate  Nov
11.5% 11.5%
2015-01-30 10:00 AM
Unemployment Rate  Dec
11.5%
2015-03-02 10:00 AM
Unemployment Rate  Jan
11.4%


Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.50 11.50 12.00 7.20 percent [+]
Employed Persons 148.18 147.87 150.37 117.36 Million [+]
Unemployed Persons 18395.00 18347.00 19203.00 11369.00 Thousand [+]
Long Term Unemployment Rate 6.10 6.30 6.30 2.90 percent [+]
Youth Unemployment Rate 23.50 23.40 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 [+]


Unemployment Rate Reference Previous Highest Lowest Unit
Australia 6.30 Nov/14 6.20 10.90 4.00 percent [+]
Brazil 4.80 Nov/14 4.70 13.10 4.30 percent [+]
Canada 6.60 Nov/14 6.50 13.10 2.90 percent [+]
China 4.10 Aug/14 4.10 4.30 3.90 percent [+]
Euro Area 11.50 Oct/14 11.50 12.00 7.20 percent [+]
France 10.40 Aug/14 10.10 10.80 7.20 percent [+]
Germany 4.90 Oct/14 5.00 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 13.20 Oct/14 12.90 13.20 5.90 percent [+]
Japan 3.50 Oct/14 3.60 5.60 1.00 percent [+]
Mexico 4.53 Nov/14 4.78 5.93 2.22 percent [+]
Netherlands 8.00 Nov/14 8.00 8.80 3.40 percent [+]
Russia 5.20 Nov/14 5.10 14.10 4.80 percent [+]
South Korea 3.40 Nov/14 3.50 7.10 2.90 percent [+]
Spain 23.67 Aug/14 24.47 26.94 4.41 percent [+]
Switzerland 3.20 Nov/14 3.10 5.40 1.60 percent [+]
Turkey 10.50 Sep/14 10.10 16.10 8.00 percent [+]
United Kingdom 6.00 Oct/14 6.00 12.00 3.40 percent [+]
United States 5.80 Nov/14 5.80 10.80 2.50 percent [+]