European Union Unemployment Rate

Country:
European Union
EUR, Euro
Source:
Sector:
Labor
Medium 6.4% 6.4%
6.4%
Last release Importance Actual Forecast
Previous
6.4%
6.4%
Next release Actual Forecast
Previous
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The Unemployment Rate shows the number of unemployed persons in percentage of the working-age population in the eurozone. The calculation is performed on a monthly basis. The general unemployment rate of the eurozone is a harmonized value, calculated based on data of separate Member States.

Labour force includes the total number of employed and unemployed people. The unemployed are defined as persons from 15 to 74 years of age:

  • not currently employed;
  • currently available for work and are ready to start no later than in two weeks;
  • actively looking for work.

The unemployment rate is important both from the social and economic point of view. The growth of unemployment leads to a decrease in the incomes of individuals and therefore to a decrease in consumer activity. In addition, this increases the pressure on the state budget and reduces tax revenues.

Therefore, the unemployment rate is a popular indicator of the consumer market and a leading indicator of the currency state. The time series on unemployment are used by the European Commission when determining the economic policy. Commercial banks may use the data for business cycle analysis and for further preparation of consumer offers. The ECB always takes unemployment into account when determining the monetary policy of the eurozone and making decisions on near-term interest rates. The growth in the unemployment rate is usually seen as negative on euro quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "European Union Unemployment Rate" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Aug 2024
6.4%
6.4%
6.4%
Jul 2024
6.4%
6.5%
6.5%
Jun 2024
6.5%
6.4%
6.4%
May 2024
6.4%
6.3%
6.4%
Apr 2024
6.4%
6.5%
6.5%
Mar 2024
6.5%
6.4%
6.5%
Feb 2024
6.5%
6.4%
Jan 2024
6.4%
6.4%
6.4%
Dec 2023
6.4%
6.4%
6.4%
Nov 2023
6.4%
6.6%
6.5%
Oct 2023
6.5%
6.5%
6.5%
Sep 2023
6.5%
6.4%
6.4%
Aug 2023
6.4%
6.3%
6.5%
Jul 2023
6.4%
6.4%
6.4%
Jun 2023
6.4%
6.4%
6.4%
May 2023
6.5%
6.4%
6.5%
Apr 2023
6.5%
6.5%
6.6%
Mar 2023
6.5%
6.7%
6.6%
Feb 2023
6.6%
6.7%
6.6%
Jan 2023
6.7%
6.5%
6.7%
Dec 2022
6.6%
6.4%
6.6%
Nov 2022
6.5%
6.5%
6.6%
Oct 2022
6.5%
6.6%
6.6%
Sep 2022
6.6%
6.6%
6.7%
Aug 2022
6.6%
6.5%
6.6%
Jul 2022
6.6%
6.5%
6.7%
Jun 2022
6.6%
6.6%
6.6%
May 2022
6.6%
6.8%
6.7%
Apr 2022
6.8%
6.7%
6.8%
Mar 2022
6.8%
6.6%
6.9%
Feb 2022
6.8%
6.6%
6.9%
Jan 2022
6.8%
6.9%
7.0%
Dec 2021
7.0%
7.1%
7.1%
Nov 2021
7.2%
7.2%
7.3%
Oct 2021
7.3%
7.3%
7.4%
Sep 2021
7.4%
7.3%
7.5%
Aug 2021
7.5%
7.4%
7.6%
Jul 2021
7.6%
7.6%
7.8%
Jun 2021
7.7%
7.8%
8.0%
May 2021
7.9%
8.1%
8.1%
Apr 2021
8.0%
8.3%
8.1%
Mar 2021
8.1%
8.3%
8.2%
Feb 2021
8.3%
8.0%
8.3%
Jan 2021
8.1%
8.2%
8.1%
Dec 2020
8.3%
8.5%
8.3%
Nov 2020
8.3%
8.6%
8.4%
Oct 2020
8.4%
8.5%
8.5%
Sep 2020
8.3%
8.3%
8.3%
Aug 2020
8.1%
8.1%
8.0%
Jul 2020
7.9%
7.6%
7.7%

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