The unemployment rate in the Euro Area edged down to 7.6% in July of 2021 from an upwardly revised 7.8% in June, matching market forecasts. It is the lowest reading since May last year as the number of unemployed persons declined by 430K to 14.613 million. The unemployment is also lower than 8.4% in July 2020. Among youth, the jobless rate also fell to 16.5% from 17.2% in June. Spain (14.3%) and Greece (14.6%) remained the two EU countries with the highest unemployment rate while the Netherlands (3.1%) had the lowest. source: EUROSTAT
Unemployment Rate in the Euro Area averaged 9.54 percent from 1995 until 2021, reaching an all time high of 12.10 percent in January of 2013 and a record low of 7.10 percent in March of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Unemployment Rate in Euro Area is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Unemployment Rate is projected to trend around 7.70 percent in 2022 and 7.40 percent in 2023, according to our econometric models.