United States: Job gains beat expectations again in June
Total non-farm payrolls grew by 206,000 in June, down from 218,000 in May but slightly overshooting market expectations. Job gains...
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: Macrobond.
Euro Area Unemployment Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 7.6 | 8.0 | 7.8 | 6.8 | 6.6 |
| Unemployment (% of active population, eop) | 7.5 | 8.2 | 7.0 | 6.7 | 6.5 |
Unemployment rate unchanged in May
The seasonally adjusted unemployment rate was stable at April’s 6.4% in May As for the Eurozone’s largest economies, the unemployment rate remained stable in Germany, Italy and Spain, fell in the Netherlands, and rose in France. 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 (10.6%). At the other end of the spectrum, Malta (3.2%) and Germany (3.3%) 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 49 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
-
-
Euro Area: Unemployment rate unchanged in May
The seasonally adjusted unemployment rate was stable at April’s 6.4% in May. As for the Eurozone’s largest economies, the unemployment... -
Greece: Unemployment rate falls in May
May’s data sent mixed signals regarding the health of the labor market. The seasonally adjusted unemployment rate fell to 10.6%... -
Australia: Unemployment rate ticks down in May
Seasonally adjusted employment rose by 39,700 in May, following 38,500 jobs created in April and beating market expectations. May’s result... -
United Kingdom: Labor market shows signs of weakening
According to the statistical office, vacancy numbers declined in the three months to May for the 23nd consecutive three-month period,... -
United States: Job gains beat expectations in May
Total non-farm payrolls grew by in 272,000 May, up from 165,000 in April and overshooting market expectations by around 50%.... -
Greece: Unemployment rate stable in April
April’s data sent mixed signals regarding the health of the labor market. The seasonally adjusted unemployment rate matched March’s upwardly...