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Euro Area Unemployment Rate
Last Release
Apr 30, 2023
Actual
6.5
Units In
%
Previous
6.5
Frequency
Monthly
Next Release
Jun 30, 2023
Time to Release
25 Days 23 Hours
Highest | Lowest | Average | Date Range | Source |
12.1 Jan 2013 | 6.5 Oct 2022 | 9.37 % | 1995-2023 | Eurostat |
In Euro Area, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Latest Updates
The seasonally-adjusted unemployment rate in the Euro Area edged down to 6.5% in April 2023, the lowest rate on record and coming in line with market expectations. The latest figure represented a drop from last year's rate of 6.7% and pointed to a tight labor market. The number of unemployed declined by 33 thousand from a month earlier to 11.088 million, the lowest level since comparable records began in 1995. The youth unemployment rate, measuring job-seekers under 25 years old, edged down to 13.9% in April from 14% in March. Amongst the largest Euro Area economies, the lowest jobless rate was recorded in Germany (2.9%), while the highest rates were registered in Spain (12.7%), Italy (7.8%) and France (7%).
Euro Area Unemployment Rate History
Last 12 readings