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. Unemployment Rate in the Euro Area averaged 9.69 percent from 1995 until 2019, reaching an all time high of 12.10 percent in April of 2013 and a record low of 7.30 percent in October of 2007.

Unemployment Rate in Euro Area is expected to be 7.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Euro Area to stand at 7.10 in 12 months time. In the long-term, the Euro Area Unemployment Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.

Euro Area Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-30 10:00 AM Unemployment Rate 8.1% 8.1% 8% 8.1%
2019-01-09 10:00 AM Unemployment Rate 7.9% 8% 8.1% 8.1%
2019-01-31 10:00 AM Unemployment Rate 7.9% 7.9% 7.9% 7.9%
2019-03-01 10:00 AM Unemployment Rate 7.8% 7.8% 7.9% 7.9%
2019-04-02 09:00 AM Unemployment Rate 7.8% 7.8%
2019-04-30 09:00 AM Unemployment Rate 7.7%
2019-06-04 09:00 AM Unemployment Rate 7.7%



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.

Compared with December, the number of unemployed in the Euro Area declined by 23,000 to 12.848 million. Compared with the previous year, it dropped by 1.233 million.

Considering the European Union as a whole, the unemployment rate edged down to 6.5 percent in January from 6.6 percent in December and 7.2 percent a year earlier. This is the lowest rate recorded since the start of the EU monthly unemployment series in January of 2000. The number of unemployed went down by 56,000 from December to 16.222 million and fell by 1.536 million from January of 2018.

Among the Member States, the lowest unemployment rates in January of 019 were recorded in Czech Republic (2.1 percent) and Germany (3.2 percent) and the highest rates were observed in Greece (18.5 percent in November 2018), Spain (14.1 percent) and Italy (10.5 percent). Compared with a year ago, the unemployment rate fell in all Member States except Denmark and Malta where it remained stable. The largest decreases were registered in Cyprus (from 10.1 percent to 7.4 percent), Greece (from 21.1 percent to 18.5 percent between November 2017 and November 2018) and Spain (from 16.4 percent to 14.1 percent).

The youth unemployment rate was 14.9 percent in the EU28 and 16.5 percent in the Euro Area, down from 15.8 percent and 17.7 percent respectively in January 2018. 3.375 million young persons (under 25) were unemployed in the EU28, of whom 2.383 million were in the Euro Area. Compared with January 2018, youth unemployment decreased by 184,000 in the EU28 and by 141,000 in the Euro Area. The lowest rates were observed in Germany (6 percent), Czech Republic (6.1 percent) and the Netherlands (6.5 percent), while the highest were recorded in Greece (39.1 percent in November 2018), Italy (33 percent) and Spain (32.6 percent).


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
3/1/2019 10:20:37 AM



Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.80 7.80 12.10 7.30 percent [+]
Unemployed Persons 12757.00 12784.00 19197.00 11391.00 Thousand [+]
Employed Persons 158.90 158.29 158.90 117.36 Million [+]
Long Term Unemployment Rate 3.50 3.90 6.30 2.70 percent [+]
Youth Unemployment Rate 16.50 16.50 24.80 14.80 percent [+]
Productivity 105.20 105.30 105.30 82.60 Index Points [+]
Labour Costs 106.40 113.90 114.10 85.10 Index Points [+]
Wage Growth 2.40 2.10 3.40 0.80 percent [+]
Population 340.72 339.88 340.72 260.38 Million [+]
Employment Change 0.30 0.20 0.80 -0.70 percent [+]
Part Time Employment 30964.20 31590.00 31590.00 19769.20 Thousand [+]
Labor Force Participation Rate 57.30 57.20 57.30 55.00 percent [+]
Full Time Employment 116891.60 115128.60 118849.00 107485.60 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 Unemployment Rate

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 the latest reported value for - Euro Area Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.80 7.80 12.10 7.30 1995 - 2019 percent Monthly
SA




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.45 Dec/18
Turkey 13.50 Dec/18
Brazil 12.00 Jan/19
Italy 10.50 Jan/19
Argentina 9.00 Sep/18
France 8.80 Dec/18
Euro Area 7.80 Jan/19
India 6.10 Dec/18
Saudi Arabia 6.00 Sep/18
Canada 5.80 Feb/19
Indonesia 5.34 Sep/18
Australia 5.00 Jan/19
Russia 4.90 Jan/19
United Kingdom 4.00 Dec/18
China 3.80 Dec/18
United States 3.80 Feb/19
South Korea 3.70 Feb/19
Mexico 3.60 Jan/19
Netherlands 3.60 Jan/19
Germany 3.20 Jan/19
Switzerland 2.70 Feb/19
Japan 2.50 Jan/19
Singapore 2.20 Dec/18


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