The Euro Area seasonally-adjusted unemployment rate stood at 8.3 percent in December 2020, in line with market expectations and compare with 7.4 percent a year earlier. The number of unemployed edged up by 55 thousand from the previous month to 13.616 million. Youth unemployment rate, measuring job-seekers under 25 years old, rose to 18.5 percent in December, from 18.1 percent in the previous month. Amongst the largest Euro Area economies, the highest jobless rates were recorded in Spain (16.2 percent), Italy (9 percent), France (8.9 percent), while the lowest rates were recorded in the Netherlands (3.9 percent) and Germany (4.6 percent). source: EUROSTAT
Unemployment Rate in the Euro Area averaged 9.55 percent from 1995 until 2020, reaching an all time high of 12.10 percent in February of 2013 and a record low of 7.20 percent in February of 2020. This page provides the latest reported value for - Euro Area Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Unemployment Rate in Euro Area is expected to be 9.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Euro Area to stand at 9.50 in 12 months time. In the long-term, the Euro Area Unemployment Rate is projected to trend around 8.80 percent in 2022, according to our econometric models.