The seasonally adjusted unemployment rate edged down to 6.4% in July from June’s 6.5%. As for the Eurozone’s largest economies,...
Unemployment in Euro Area
The Euro area's unemployment rate has nearly halved since 2014, reflecting strong labor demand, population ageing over the last decade, and government efforts to better match job seekers' skills to labor market opportunities. However, the unemployment remains higher than the G7 average, and there are huge disparities among members states. The unemployment rate in the Euro Area averaged 9.2% in the decade to 2022, above the 6.3% average for major economies. The unemployment rate in 2022 was 6.7%. For more unemployment information, visit our dedicated page.
Euro Area Unemployment Chart
Note: This chart displays Unemployment Rate for Euro Area from 2014 to 2024.
Source: Macrobond.
Euro Area Unemployment Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 8.0 | 7.8 | 6.7 | 6.6 | 6.4 |
| Unemployment (% of active population, eop) | 8.2 | 7.0 | 6.7 | 6.5 | 6.2 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects European unemployment projections for the next ten years from a panel of 43 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for European unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our European unemployment projections.
Want to get access to the full dataset of European unemployment forecasts? Send an email to info@focus-economics.com.
Latest Global Unemployment News
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Euro Area: Unemployment rate falls in July -
Greece: Unemployment rate rises in July July’s data sent negative signals regarding the health of the labor market. The seasonally adjusted unemployment rate rose to 9.9%... -
Australia: Unemployment rate rises in July The seasonally adjusted unemployment rate ticked up to 4.2% in July from June’s 4.1% reading, surprising markets on the upside.... -
New Zealand: Unemployment rate rises in Q2 The seasonally-adjusted unemployment rate rose to 4.6% in Q2 2024 from 4.4% in Q1 2024. Over the same time period,... -
United States: Job gains disappoint in July Total non-farm payrolls grew by 114,000 in July, down from June’s downwardly revised 179,000 and undershooting market expectations. Moreover, the... -
Euro Area: Unemployment rate increases in June The seasonally adjusted unemployment rate ticked up to 6.5% in June from May’s 6.4%. As for the Eurozone’s largest economies,... -
Greece: Unemployment rate falls in June June’s data sent positive signals regarding the health of the labor market. The seasonally adjusted unemployment rate fell to 9.6%...