Long Term Unemployment Rate In the Euro Area decreased to 3.10 percent in the first quarter of 2020 from 3.20 percent in the fourth quarter of 2019.

Long Term Unemployment Rate in the Euro Area averaged 4.36 percent from 1997 until 2020, reaching an all time high of 6.30 percent in the first quarter of 2014 and a record low of 2.70 percent in the third quarter of 2008. This page provides the latest reported value for - Euro Area Long Term Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Long Term Unemployment Rate - values, historical data and charts - was last updated on September of 2020. source: Eurostat

Long Term Unemployment Rate in Euro Area is expected to be 4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Euro Area to stand at 4.90 in 12 months time. In the long-term, the Euro Area Long Term Unemployment Rate is projected to trend around 4.60 percent in 2021 and 4.00 percent in 2022, according to our econometric models.

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Euro Area Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.20 6.30 2.70 1997 - 2020 percent Quarterly

Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.90 7.70 12.10 7.20 percent [+]
Employed Persons 155.60 160.37 160.69 117.36 Million [+]
Unemployed Persons 12793.00 12449.00 19397.00 11455.00 Thousand [+]
Long Term Unemployment Rate 3.10 3.20 6.30 2.70 percent [+]
Youth Unemployment Rate 17.30 17.20 24.80 14.80 percent [+]
Labour Costs 115.70 103.30 115.70 83.40 points [+]
Productivity 104.10 102.90 104.10 81.80 points [+]
Wages 1869.00 1893.00 1893.00 1176.00 EUR/Month [+]
Wage Growth 5.20 3.90 5.20 0.80 percent [+]
Population 341.90 341.15 341.90 260.38 Million [+]
Employment Change -2.90 -0.30 0.70 -2.90 percent [+]
Full Time Employment 117342.40 117284.20 118849.00 107485.60 Thousand [+]
Labor Force Participation Rate 57.60 57.40 57.60 55.00 percent [+]
Part Time Employment 31920.30 31533.10 31920.30 19769.20 Thousand [+]
Retirement Age Men 64.36 64.27 64.36 62.24 [+]
Retirement Age Women 63.96 63.86 63.96 61.66 [+]


Euro Area Long Term Unemployment Rate
In the Euro Area, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.