European Union Unemployment Rate

Country:
European Union
EUR, Euro
Source:
Sector:
Labor
Medium 8.1% 8.1%
8.2%
Last release Importance Actual Forecast
Previous
8.0%
8.1%
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
  • Widget

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 2018
8.1%
8.1%
8.2%
Jul 2018
8.2%
8.3%
8.2%
Jun 2018
8.3%
8.4%
8.3%
May 2018
8.4%
8.4%
8.4%
Apr 2018
8.5%
8.4%
8.6%
Mar 2018
8.5%
8.5%
8.5%
Feb 2018
8.5%
8.5%
8.6%
Jan 2018
8.6%
8.5%
8.6%
Dec 2017
8.7%
8.6%
8.7%
Nov 2017
8.7%
8.8%
8.8%
Oct 2017
8.8%
8.9%
8.9%
Sep 2017
8.9%
9.0%
9.0%
Aug 2017
9.1%
9.0%
9.1%
Jul 2017
9.1%
9.0%
9.1%
Jun 2017
9.1%
9.2%
9.2%
May 2017
9.3%
9.3%
9.3%
Apr 2017
9.3%
9.4%
9.4%
Mar 2017
9.5%
9.4%
9.5%
Feb 2017
9.5%
9.6%
Jan 2017
9.6%
9.6%
Dec 2016
9.6%
9.7%
Nov 2016
9.8%
9.8%
Oct 2016
9.8%
9.9%
Sep 2016
10.0%
10.0%
Aug 2016
10.1%
10.1%
Jul 2016
10.1%
10.1%
Jun 2016
10.1%
10.1%
May 2016
10.1%
10.2%
Apr 2016
10.2%
10.2%
Mar 2016
10.2%
10.4%
Feb 2016
10.3%
10.4%
Jan 2016
10.3%
10.4%
Dec 2015
10.4%
10.5%
Nov 2015
10.5%
10.6%
Oct 2015
10.7%
10.8%
Sep 2015
10.8%
10.9%
Aug 2015
11.0%
11.0%
Jul 2015
10.9%
11.1%
Jun 2015
11.1%
11.1%
May 2015
11.1%
11.1%
Apr 2015
11.1%
11.2%
Mar 2015
11.3%
11.3%
Feb 2015
11.3%
11.2%
Jan 2015
11.4%
11.4%
Dec 2014
11.3%
11.5%
Nov 2014
11.5%
11.5%
Oct 2014
11.5%
11.5%
Sep 2014
11.5%
11.5%
Aug 2014
11.5%
11.5%
Jul 2014
11.5%
11.5%

Economic calendar widget for your website

Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.

The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.

Display area

Widget type

Display information

Default calendar period

Widget language

Your embed code

Copy widget codeCopied

Preview