Euro Area Unemployment April 2022

Euro Area: Unemployment rate stable in April

June 3, 2022

The unemployment rate remained stable at March’s record-low of 6.8% in April.

Looking at countries, four economies saw their unemployment rates stable in April, including Germany and Italy. Meanwhile, 10 economies saw their unemployment rates decrease, including France, the Netherlands and Spain, while five economies saw their unemployment rates increase.

Disparities in the labor market among core and periphery countries persist. Spain (13.3%) and Greece (12.7%) are the economies with the highest unemployment rates. At the other end of the spectrum, Germany (3.0%) and Malta (3.1%) have the lowest unemployment rates.

FocusEconomics Consensus Forecast panelists expect the unemployment rate to average 7.2% in 2022, which is unchanged from last month’s forecast. For 2023, the panel expects the unemployment rate to average 7.1%.


Author: Massimo Bassetti, Senior Economist

Sample Report

Looking for forecasts related to Unemployment in Euro Area? Download a sample report now.

Download




Euro Area Economic News

More news

Search form