Unemployment in Eurozone

Eurozone Unemployment | Economic News & Forecasts

Eurozone - Unemployment

Unemployment rate stable in January

According to data released by Eurostat, labor market conditions in the common currency bloc were broadly unchanged in January. The number of unemployed people decreased by 23,000, and the unemployment rate was unchanged at 7.9% in January. The result remains the lowest unemployment rate since October 2008.

Looking at the countries with data available, five economies saw their unemployment rates drop in January, including France and Germany. In contrast, six economies, including Italy, their unemployment rates edge up.

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 (18.0%, data refers to December), followed by Spain (14.1%) and Italy (11.5%). At the other end of the spectrum, Germany (3.2%) and the Netherlands (3.6%) 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 7.6%.

Eurozone - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate12.0  11.6  11.9  11.0  9.1  

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Eurozone Unemployment Chart

Euro Unemployment
Note: Unemployment in % of active population.
Source: Eurostat.

Eurozone Facts

Exchange Rate1.140.65 %Mar 20
Stock Market1,164-0.52 %Mar 20

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