Long Term Unemployment Rate In the Euro Area remained unchanged at 3.20 percent in the first quarter of 2021 from 3.20 percent in the fourth quarter of 2020. source: EUROSTAT

Long Term Unemployment Rate in the Euro Area averaged 4.31 percent from 1997 until 2021, reaching an all time high of 6.30 percent in the first quarter of 2014 and a record low of 2.50 percent in the second quarter of 2020. 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 October of 2021.

Long Term Unemployment Rate in Euro Area is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Long Term Unemployment Rate is projected to trend around 3.70 percent in 2022 and 3.40 percent in 2023, according to our econometric models.

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Euro Area Long Term Unemployment Rate

Related Last Previous Unit Reference
Unemployment Rate 7.50 7.60 percent Aug/21
Unemployed Persons 12162.00 12423.00 Thousand Aug/21
Long Term Unemployment Rate 3.20 3.20 percent Mar/21
Youth Unemployment Rate 16.50 17.20 percent Jul/21
Labour Costs 115.80 104.60 points Jun/21
Productivity 104.40 104.80 points Jun/21
Wages 1903.00 1896.00 EUR/Month Mar/21
Wage Growth -0.40 2.10 percent Jun/21
Population 342.41 341.52 Million Dec/20
Full Time Employment 116145.40 113811.30 Thousand Jun/21
Employment Change 0.70 -0.10 percent Jun/21
Part Time Employment 30912.90 30508.20 Thousand Jun/21
Labor Force Participation Rate 73.60 72.60 percent Jun/21
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.