Unemployment in Eurozone
Eurozone - Unemployment
Unemployment rate stable in December
According to data released by Eurostat, labor market conditions in the common currency bloc were broadly stable in December. The number of unemployed people decreased by 75,000, and the unemployment rate was unchanged at November’s 7.9% in December. The result remains the lowest unemployment rate since October 2008.
Looking at the countries with data available, seven economies saw their unemployment rates drop in December, including Italy and Spain. In contrast, Latvia, Lithuania and the Netherlands saw their unemployment rates edge up.
Despite a large overall improvement in the Eurozone over recent years, disparities in the labor market among core and periphery countries persist. Greece is the economy in the Eurozone with by far the highest unemployment rate (18.6%, data refers to October), followed by Spain (14.3%) and Italy (10.3%). At the other end of the spectrum, Germany (3.3%) and the Netherlands (3.6%) have the lowest unemployment rates.
FocusEconomics Consensus Forecast panelists expect the unemployment rate to average 7.8% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects the unemployment rate to average 7.6%.
Eurozone - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Unemployment Chart
|Exchange Rate||1.14||0.65 %||Mar 20|
|Stock Market||1,164||-0.52 %||Mar 20|
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March 22, 2019
Leading indicators point to a lackluster quarter for the Euro area’s economy.
March 15, 2019
According to complete data released by Eurostat on 15 March, harmonized inflation came in at 1.5% in February, slightly above January’s 1.4% and matching the preliminary estimate.
March 13, 2019
Industrial output returned to growth in January, after contracting in the previous two months.
March 7, 2019
Ebbing economic momentum across the Eurozone pushed the European Central Bank (ECB) to rethink its monetary policy on 7 March.
March 7, 2019
A third estimate confirmed that the Eurozone economy remained weak through the fourth quarter of last year.