The unemployment rate in the Euro Area edged lower to 6.4% in January 2024, the lowest on record, from 6.5% in December, matching market forecasts. The number of unemployed individuals declined by 34 thousand from the prior month to 11,009 million. Meanwhile, the youth unemployment rate, reflecting those under 25 seeking employment, was unchanged at 14.5%. Across the major Euro Area economies, Spain continues to report the highest jobless rate at 11.6%, followed by France at 7.5% and Italy at 7.2%. In contrast, Germany recorded the lowest rate at 3.1%. source: EUROSTAT
Unemployment Rate In the Euro Area decreased to 6.40 percent in January from 6.50 percent in December of 2023. Unemployment Rate in Euro Area averaged 9.34 percent from 1995 until 2024, reaching an all time high of 12.30 percent in April of 2013 and a record low of 6.40 percent in January of 2024. 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 March of 2024.
Unemployment Rate In the Euro Area decreased to 6.40 percent in January from 6.50 percent in December of 2023. Unemployment Rate in Euro Area is expected to be 6.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Unemployment Rate is projected to trend around 6.60 percent in 2025, according to our econometric models.