The unemployment rate in the Euro Area was unchanged at 8.1 percent in September 2018, the same as in the previous month’s figure, below 8.9 percent a year earlier and in line with market expectations. It remained the lowest jobless rate since November 2008. Unemployment Rate in the Euro Area averaged 9.71 percent from 1995 until 2018, reaching an all time high of 12.10 percent in February of 2013 and a record low of 7.30 percent in October of 2007.

Euro Area Unemployment Rate
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Euro Area Jobless Rate Steady at 8.1% in September


The unemployment rate in the Euro Area was unchanged at 8.1 percent in September 2018, the same as in the previous month’s figure, below 8.9 percent a year earlier and in line with market expectations. It remained the lowest jobless rate since November 2008.

Compared with August, the number of unemployed in the Euro Area rose by 2,000 to 13.153 million. Compared with the previous year, it declined by 1.309 million.

Considering the European Union as a whole, the unemployment rate stood at 6.7 percent in September, stable compared to the prior month and down from 7.5 percent a year earlier. It was the lowest rate recorded in the EU28 since series began in January 2000. There were 16.574 million people unemployed, a decrease of 35,000 from the previous month and of 1.793 million from September 2017.

Among EU Member States, the lowest jobless rates in September were registered in the Czech Republic (2.3 percent), Germany and Poland (both 3.4 percent). The highest unemployment rates were observed in Greece (19.0 percent in July 2018) and Spain (14.9 percent). Compared with a year ago, the largest decreases were recorded in Cyprus (7.4 percent from 10.2 percent), Croatia (8.2 percent from 10.5 percent), Greece (19.0 percent from 20.9 percent between July 2018 and July 2017), Portugal (6.6 percent from 8.5 percent) and Spain (14.9 percent from 16.7 percent).

The youth unemployment rate was 14.9 percent in the EU28 and 16.8 percent in the Euro Area, compared with 16.5 percent and 18.3 percent respectively in September 2017. The lowest rates were observed in Germany and the Czech Republic (both 6.3 percent) and the Netherlands (7.5 percent), while the highest were registered in Greece (37.9 percent in July 2018), Spain (34.3 percent) and Italy (31.6 percent).


Eurostat | Stefanie Moya | stefanie.moya@tradingeconomics.com
10/31/2018 10:23:33 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-08-31 09:00 AM Unemployment Rate 8.2% 8.2% 8.2% 8.3%
2018-10-01 09:00 AM Unemployment Rate 8.1% 8.2% 8.1% 8.2%
2018-10-31 10:00 AM Unemployment Rate 8.1% 8.1% 8.1% 8.1%
2018-11-30 10:00 AM Unemployment Rate 8.1% 8.1%


Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.10 8.10 12.10 7.30 percent [+]
Unemployed Persons 13063.00 13061.00 19193.00 11403.00 Thousand [+]
Employed Persons 157.97 157.39 157.97 117.36 Million [+]
Long Term Unemployment Rate 3.90 4.10 6.30 2.70 percent [+]
Youth Unemployment Rate 16.80 16.80 24.70 14.80 percent [+]
Productivity 105.20 105.20 105.20 82.60 Index Points [+]
Labour Costs 113.70 102.60 114.00 85.10 Index Points [+]
Wage Growth 1.90 1.80 3.40 0.80 percent [+]
Population 340.72 339.88 340.72 260.38 Million [+]
Employment Change 0.20 0.40 0.80 -0.70 percent [+]
Part Time Employment 31590.10 31245.90 31590.10 19769.20 Thousand [+]
Labor Force Participation Rate 57.20 57.00 57.30 55.00 percent [+]
Full Time Employment 115128.40 113849.60 118899.50 107478.10 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
8.10 8.10 12.10 7.30 1995 - 2018 percent Monthly
SA




Country Last
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.90 Sep/18
Turkey 11.10 Aug/18
Italy 10.10 Sep/18
Argentina 9.60 Jun/18
France 9.10 Jun/18
Euro Area 8.10 Sep/18
Saudi Arabia 6.00 Jun/18
Canada 5.80 Oct/18
Indonesia 5.34 Jun/18
Australia 5.00 Oct/18
Russia 4.50 Sep/18
United Kingdom 4.10 Sep/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Oct/18
Mexico 3.60 Sep/18
India 3.52 Dec/17
Germany 3.40 Sep/18
Switzerland 2.40 Oct/18
Japan 2.30 Sep/18
Singapore 2.10 Sep/18


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