Long Term Unemployment Rate In the Euro Area decreased to 2.50 percent in the fourth quarter of 2022 from 2.60 percent in the third quarter of 2022. source: EUROSTAT

Long Term Unemployment Rate in Euro Area averaged 4.20 percent from 1997 until 2022, reaching an all time high of 6.30 percent in the first quarter of 2014 and a record low of 2.40 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 June of 2023.

Long Term Unemployment Rate in Euro Area is expected to be 2.60 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 3.30 percent in 2024 and 3.00 percent in 2025, according to our econometric models.

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Euro Area Long Term Unemployment Rate

Related Last Previous Unit Reference
Unemployment Rate 6.50 6.60 percent Apr 2023
Unemployed Persons 10973.00 11005.00 Thousand Apr 2023
Long Term Unemployment Rate 2.50 2.60 percent Dec 2022
Youth Unemployment Rate 13.90 14.00 percent Apr 2023
Productivity 104.59 105.09 points Dec 2022
Labour Costs 126.30 113.40 points Dec 2022
Wages 2066.00 2036.00 EUR/Month Dec 2022
Wage Growth 5.10 3.00 percent Dec 2022
Population 342.89 342.56 Million Dec 2022
Employment Change 0.60 0.30 percent Mar 2023
Labor Force Participation Rate 74.70 74.80 percent Dec 2022
Part Time Employment 30979.70 31480.30 Thousand Sep 2022
Full Time Employment 120744.00 119698.70 Thousand Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.60 6.30 2.40 1997 - 2022 percent Quarterly