News

EA Jobless Rate Stays Low Amid Government Support
The Euro Area seasonally-adjusted unemployment rate edged up to 7.4 percent in May 2020, remaining close to March's record low of 7.1 percent and below market expectations of 7.7 percent, as the governments' measures to protect jobs during the coronavirus crises along with an increase in the number of inactive people due to the coronavirus crisis have been supporting the labor market. The number of unemployed persons increased by 159 thousand to 12.146 million, with most countries across the bloc remaining under COVID-19 containment measures. Among the bloc's largest economies, the highest jobless rates were recorded in Spain (14.5 percent), France (8.1 percent) and Italy (7.8 percent), while the lowest was observed in Germany (3.9 percent). The youth unemployment rate, measuring job seekers aged 15 to 24, went up to 16.0 percent from 15.7 percent in April. Considering the European Union as a whole, the jobless rate was 6.7 percent in May, up from 6.6 percent in April.
Published on 2020-07-02

Eurozone Jobless Rate Rises Less Than Expected
The Euro Area seasonally-adjusted unemployment rate rose to 7.3 percent in April 2020 from a downwardly revised 7.1 percent in the previous month, but well below market expectations of 8.2 percent, as the number of unemployed persons increased by 211 thousand to 11.919 million. April was the second month after COVID-19 containment measures were implemented by most member states. Among the bloc's largest economies, the highest unemployment rates were recorded in Spain (14.8 percent) and France (8.7 percent) while the lowest rates were observed in Germany (3.5 percent) and Italy (6.3 percent). The youth unemployment rate, which measures job seekers aged 15 to 24, went up to 15.8 percent from 15.1 percent in March. Considering the European Union as a whole, the jobless rate was at 6.6 percent, up from 6.4 percent in March.
Published on 2020-06-03

Eurozone Jobless Rate Rises Less Than Expected
The Euro Area seasonally-adjusted unemployment rate edged up to 7.4 percent in March of 2020 from 7.3 percent in the previous month and below market expectations of 7.7 percent, as the number of unemployed persons increased by 197 thousand to 12.156 million. The COVID-19 confinement measures introduced in March 2020 have triggered a sharp increase in the number of claims for unemployment benefits across the EU. At the same time, a significant part of those who had registered in unemployment agencies were no longer actively looking for a job, e.g. limited by the confinement measures or no longer available for work, for instance, if they had to take care of their children during the lockdown. This leads to discrepancies in the number of registered unemployed and those measured as unemployed according to the ILO definition.
Published on 2020-04-30

Eurozone Jobless Rate Hits 12-Year Low
The Euro Area seasonally-adjusted unemployment rate fell to 7.3 percent in February 2020, its lowest level since March 2008 and slightly below market expectations of 7.4 percent, as the number of unemployed decreased by 8,000 from the previous month to 12.047 million. Among the bloc's largest economies, the lowest unemployment rate was recorded in Germany (3.2 percent), while higher rates were observed in France (8.1 percent), Italy (9.7 percent) and Spain (13.6 percent).
Published on 2020-04-01

Eurozone Jobless Rate Remains at Lowest Since 2008
The Euro Area seasonally-adjusted unemployment rate stood at 7.4 percent in January 2020, its lowest level since May 2008 and in line with market expectations, as the number of unemployed edged up by 1,000 from the previous month to 12.179 million. Among the bloc's largest economies, the lowest unemployment rate was recorded in Germany (3.2 percent), while higher rates were observed in France (8.2 percent), Italy (9.8 percent) and Spain (13.7 percent). The youth unemployment rate, which measures job seekers aged 15 to 24, dropped to 15.6 percent from 16.1 percent in the same period a year earlier. Considering the European Union as a whole, the jobless rate was also unchanged at 6.2 percent, the lowest since comparable series began in January 2000.
Published on 2020-03-03

Eurozone Jobless Rate Falls to Over 11-Year Low
The Euro Area seasonally-adjusted unemployment rate fell to 7.4 percent in December 2019 from 7.5 percent in the previous month, below market expectations of 7.5 percent. It is the lowest jobless rate since May 2008, as the number of unemployed decreased by 34,000 from the previous month to 12,251. Among the bloc's largest economies, the lowest unemployment rate was recorded in Germany (3.2 percent), while higher rates were observed in France (8.4 percent), Italy (9.8 percent) and Spain (13.7 percent). The youth unemployment rate, which measures job seekers aged 15 to 24, dropped to 15.3 percent from 16.2 percent in the same period a year earlier. Considering the European Union as a whole, the jobless rate edged down to 6.2 percent from 6.3 percent in November, the lowest since comparable series began in January 2000.
Published on 2020-01-30

Eurozone Jobless Rate Remains at 11-Year Low
The unemployment rate in the Euro Area stood at 7.5 percent in November 2019, its lowest level since July 2008 and in line with market expectations, as the number of unemployed decreased by 10,000 from the previous month to 12.315 million. Among the bloc's largest economies, the lowest unemployment rate was recorded in Germany (3.1 percent), while higher rates were observed in France (8.4 percent), Italy (9.7 percent) and Spain (14.1 percent). The youth unemployment rate, which measures job seekers aged 15 to 24, dropped to 15.6 percent from 16.3 percent in the same period a year earlier. Considering the European Union as a whole, the jobless rate was unchanged at 6.3 percent, the lowest since comparable series began in January 2000.
Published on 2020-01-09

Eurozone Jobless Rate Falls to Over 11-Year Low
The Euro Area seasonally-adjusted unemployment rate fell to 7.5 percent in October 2019 from an upwardly revised 7.6 percent in the previous month and matching market expectations. It was the lowest rate recorded in the euro area since July 2018, as the number of unemployed declined.
Published on 2019-11-29

Euro Area Jobless Rate at Over 11-Year Low of 7.5%
The Euro Area seasonally-adjusted unemployment rate stood at 7.5 percent in September 2019, unchanged from the previous month and slightly above market expectations of 7.4 percent. Still, this is the lowest rate recorded in the euro area since July 2008.
Published on 2019-10-31

Eurozone Jobless Rate Falls to Over 11-Year Low
The Euro Area seasonally-adjusted unemployment rate dropped to 7.4 percent in August 2019, the lowest since May 2008 and slightly below market expectations of 7.5 percent, as the number of unemployed continued to decline.
Published on 2019-09-30

Eurozone Jobless Rate Holds Steady at 11-Year Low
The Euro Area seasonally-adjusted unemployment rate stood at 7.5 percent in July 2019, unchanged from the previous month's 11-year low and in line with market expectations. The number of unemployed continued to decline.
Published on 2019-08-30

Eurozone Jobless Rate Falls to 11-Year Low
The Euro Area seasonally-adjusted unemployment rate fell to 7.5 percent in June 2019 from an upwardly revised 7.6 percent in the previous month and in line with market expectations. It was the lowest jobless rate since July 2008 as the number of unemployed continued to decline.
Published on 2019-07-31

Eurozone Jobless Rate Drops to Near 11-Year Low
The Euro Area seasonally-adjusted unemployment rate fell to 7.5 percent in May 2019 from 7.6 percent in the previous month and below market expectations of 7.6 percent. It was the lowest jobless rate since July 2008 as the number of unemployed continued to decline.
Published on 2019-07-01

Eurozone Jobless Rate Drops to 10-1/2-Year Low
The Euro Area seasonally-adjusted unemployment rate fell to 7.6 percent in April 2019 from 7.7 percent in the previous month and below market expectations of 7.7 percent. It was the lowest jobless rate since August 2008 as the number of unemployed continued to decline.
Published on 2019-06-04

Euro Area Jobless Rate Falls to 10-1/2-Year Low
The seasonally adjusted unemployment rate in the Euro Area fell to 7.7 percent in March 2019 from 7.8 percent in the previous month and below market expectations of 7.8 percent. It was the lowest jobless rate since September 2008, as the number of unemployed continued to decline. A year earlier, unemployment rate was higher at 8.5 percent.
Published on 2019-04-30

Euro Area Jobless Rate Steady at 7.8%
The seasonally adjusted unemployment rate in the Euro Area stood at 7.8 percent in February 2019, the same as the previous period and in line with market expectations. It remained the lowest jobless rate since October 2008. A year earlier, unemployment was higher at 8.5 percent.
Published on 2019-04-01

Euro Area Jobless Rate Unchanged at 7.8%
The seasonally adjusted unemployment rate in the Euro Area was steady at 7.8 percent in January of 2019, the same as a downwardly revised 7.8 percent in December and slightly below market expectations of 7.9 percent. It is a new-low jobless rate since October of 2008. A year earlier, unemployment was higher at 8.6 percent.
Published on 2019-03-01

Euro Area Jobless Rate Steady at 7.9% in December
The Euro Area seasonally-adjusted unemployment rate was at 7.9 percent in December 2018, unchanged from the previous month and in line with market expectations. It remained the lowest jobless rate since October 2008.
Published on 2019-01-31

Eurozone Jobless Rate Drops to Over 10-Year Low
The Euro Area seasonally-adjusted unemployment rate fell to 7.9 percent in November 2018 from a downwardly revised 8 percent in the previous month and below market expectations of 8 percent. It was the lowest jobless rate since October 2008 as the number of unemployed continued to decline.
Published on 2019-01-09

Eurozone Jobless Rate Above Forecasts
The unemployment rate in the Euro Area was steady at 8.1 percent in October of 2018, the same as in each of the previous three months but higher than market expectations of 8 percent. It remained the lowest jobless rate since November of 2008.
Published on 2018-11-30