Euro Area Unemployment

Euro Area Unemployment

Euro Area Unemployment

Unemployment in Euro Area

The Euro area's unemployment rate from 2013 to 2022 showed a gradual improvement overall, despite some fluctuations. The early part of the decade saw high rates due to the Eurozone crisis, but a steady recovery followed. The COVID-19 pandemic caused a temporary increase in unemployment, but by 2022, the rate had decreased to record lows.

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 2023.
Source: EUROSTAT.

Euro Area Unemployment Data

2018 2019 2020 2021 2022
Unemployment (% of active population, aop) 8.2 7.6 8.0 7.8 6.8
Unemployment (% of active population, eop) 7.9 7.5 8.2 7.0 6.7

Unemployment rate stable in March

The seasonally adjusted unemployment rate came in at 6.5% in March, stable from February. As for the Eurozone’s largest economies, the unemployment rate remained stable in Germany; and fell in France, Italy, the Netherlands and Spain. Significant disparities in labor market conditions between core and periphery countries persist: Spain is the economy with the highest unemployment rate of 11.7%, followed by Greece (10.2%). At the other end of the spectrum, Malta (3.2%) and Germany (3.2%) have the lowest unemployment rates.

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 44 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.

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