Unemployment in Eurozone
Eurozone - Unemployment
Unemployment rate unchanged in September
According to data released by Eurostat, labor market conditions in the common currency bloc were broadly stable in September. The number of unemployed people decreased 35,000, and the unemployment rate was unchanged at August’s 8.1%. The unemployment rate is resting at the lowest rate since November 2008.
Looking at the countries with data available, several countries saw their unemployment rates unchanged in September, including major players France and Germany. However, Italy saw its unemployment rate rise, while eight economies saw their unemployment rates fall, including Spain.
Despite the overall improvement in the Eurozone over recent years, disparities in the labor market among countries persist. Greece is the economy in the Eurozone with by far the highest unemployment rate (19.0%, data refers to July), followed by Spain (14.9%) and Italy (11.1%). At the other end of the spectrum, Germany (3.4%) and the Netherlands (3.7%) have the lowest unemployment rates.
Met the why particular Consensus Forecast panelists expect the unemployment rate to average 7.9% 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
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Unemployment Chart
|Exchange Rate||1.14||0.65 %||Nov 09|
|Stock Market||1,119||-0.52 %||Nov 09|
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October 31, 2018
According to preliminary data released by Eurostat on 31 October, harmonized inflation came in at 2.2% in October, up from September’s 2.1%.
October 31, 2018
According to data released by Eurostat, labor market conditions in the common currency bloc were broadly stable in September.
October 30, 2018
The Eurozone economy lost traction in the third quarter, growing at the slowest pace since Q2 2014.
October 25, 2018
At its 25 October monetary policy meeting, the European Central Bank (ECB) decided to leave its main interest rates unchanged, reaffirming its commitment to end its quantitative easing (QE) program by the end of the year—provided that incoming data plays out as expected.
October 17, 2018
According to complete data released by Eurostat on 17 October, harmonized inflation came in at 2.1% in September, matching the preliminary estimate.