Unemployment in Eurozone
Eurozone - Unemployment
Unemployment rate drops in March
Labor market conditions in the common currency bloc improved in March, according to data released by Eurostat. The number of unemployed people decreased by 174,000, and the unemployment rate fell to 7.7% in March (February: 7.8%). The result marks the lowest unemployment rate since September 2008.
Looking at the countries with data available, twelve economies saw their unemployment rates fall in March, including Italy and Spain. Luxembourg was the only economy to see its unemployment rate rise, while the rest had no changed.
Despite a large overall improvement in the Eurozone over recent years, disparities in the labor market among core and periphery countries persist. Greece is the economy in the Eurozone with by far the highest unemployment rate (18.5%, data refers to January), followed by Spain (14.0%) and Italy (11.2%). At the other end of the spectrum, Germany (3.2%) and the Netherlands (3.3%) have the lowest unemployment rates.
Met the why particular Consensus Forecast panelists expect the unemployment rate to average 7.8% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects the unemployment rate to average 7.7%.
Eurozone - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Unemployment Chart
|Exchange Rate||1.12||0.65 %||May 13|
|Stock Market||1,141||-0.52 %||May 13|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
May 17, 2019
Complete data confirmed harmonized inflation came in at 1.7% in April, up from March’s 1.4% and matching the preliminary estimate.
May 15, 2019
The Eurozone economy regained steam in the first quarter of the year, after suffering a sharp slowdown in the second half of 2018.
May 14, 2019
Industrial output contracted again in March, recording the fourth drop in five months.
April 30, 2019
Labor market conditions in the common currency bloc improved in March, according to data released by Eurostat.
April 30, 2019
The Eurozone economy picked up more than expected in the first quarter of the year, after suffering a sharp slowdown in the second half of 2018.