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.