Euro area unemployment at 6.4% (2024)

Euro indicators 30 August 2024 Next release: 2 October 2024

July 2024

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EU at 6.0%

Overview

In July 2024, the euro area seasonally-adjusted unemployment rate was 6.4%, down from 6.5% in June 2024 and from 6.6% in July 2023. The EU unemployment rate was 6.0% in July 2024, stable compared with June 2024 as well as with July 2023. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 13.108 million persons in the EU, of whom 10.990 million in the euro area, were unemployed in July 2024.

  • Compared with June 2024, unemployment decreased by 82 thousand in the EU and by 114 thousand in the euro area.

  • Compared with July 2023, unemployment decreased by 72 thousand in the EU and by 190 thousand in the euro area.

Euro area unemployment at 6.4% (1)

Youth unemployment

In July 2024, 2.818 million young persons (under 25) were unemployed in the EU, of whom 2.263 million were in the euro area. In July 2024, the youth unemployment rate was 14.5% in the EU, down from 14.6% in June 2024, and 14.2% in the euro area, down from 14.4% in the previous month.

  • Compared with June 2024, youth unemployment decreased by 25thousand in the EU and by 37 thousand in the euro area.

  • Compared with July 2023, youth unemployment increased by 8 thousand in the EU, while it decreased by 66 thousand in the euro area.

Euro area unemployment at 6.4% (2)

Unemployment by sex

In July 2024, the unemployment rate for women was 6.1% in the EU, down from 6.2% in June 2024, and the unemployment rate for men was 5.8%, stable compared with the previous month. In the euro area, the unemployment rate for women was 6.6%, down from 6.7% in previous month, and the unemployment rate for men was 6.2%, stable compared with June 2024.

Additional labour market indicators

The estimates in this News Release are based on the globally used International Labour Organisation (ILO) standard definition of unemployment, which counts as unemployed people without a job who have been actively seeking work in the last four weeks and are available to start work within the next two weeks.

To capture in full the labour market situation, the data on unemployment have been complemented by additional indicators, e.g. underemployed part-time workers, persons seeking work but not immediately available and persons available to work but not seeking, released together with LFS data for the first quarter of 2024.

LFS data for the second quarter of 2024 will be released on 13 September 2024.

Tables

Seasonally adjusted unemployment, totals

Rates (%)

Number of persons (in thousands)

2023

2024

2023

2024

Jul

Apr

May

Jun

Jul

Jul

Apr

May

Jun

Jul

Euro area

6.6

6.5

6.5

6.5

6.4

11 180

11 092

11 107

11 104

10 990

EU

6.0

6.0

6.0

6.0

6.0

13 180

13 200

13 186

13 190

13 108

Belgium

5.4

5.6

5.6

5.5

5.4

283

299

298

292

288

Bulgaria

4.6

4.2

4.0

4.0

4.0

138

128

121

121

121

Czechia

2.8

2.8

2.7

2.7

2.7

142

144

139

141

141

Denmark

5.3

6.0

6.1

6.2

5.8

166

194

198

201

191

Germany

3.0

3.4

3.4

3.4

3.4

1 322

1 507

1 524

1 531

1 531

Estonia

7.6

7.5

7.4

7.3

7.5

56

57

57

56

57

Ireland

4.3

4.3

4.4

4.5

4.7

120

123

126

129

136

Greece

11.1

10.5

10.3

9.5

9.9

527

506

488

448

465

Spain

12.0

11.6

11.6

11.5

11.5

2 908

2 842

2 840

2 830

2 817

France

7.4

7.4

7.5

7.5

7.5

2 280

2 303

2 331

2 344

2 339

Croatia

6.1

5.1

5.1

5.0

5.0

106

90

89

88

87

Italy

7.8

6.8

6.8

6.9

6.5

1 993

1 743

1 745

1 767

1 660

Cyprus

5.8

5.0

4.8

5.1

5.4

29

25

24

26

28

Latvia

6.6

7.0

7.0

6.9

6.9

62

66

66

65

65

Lithuania

6.6

7.5

7.4

7.2

8.0

102

116

115

115

124

Luxembourg

5.2

5.7

5.8

5.8

5.8

18

20

20

20

20

Hungary

4.0

4.3

4.3

4.3

4.3

198

214

212

211

213

Malta

3.0

3.1

3.2

3.1

3.0

9

10

10

10

10

Netherlands

3.6

3.7

3.6

3.6

3.6

362

375

367

370

370

Austria

5.5

5.0

5.1

5.2

5.0

259

238

241

247

236

Poland

2.8

2.9

2.9

2.9

2.9

492

507

506

509

509

Portugal

6.2

6.4

6.4

6.4

6.2

334

348

347

344

332

Romania

5.6

5.2

5.3

5.1

5.4

458

431

440

431

451

Slovenia

3.8

3.5

3.5

3.5

3.3

39

36

36

35

34

Slovakia

5.9

5.4

5.4

5.3

5.3

163

150

149

147

147

Finland

7.3

8.1

8.2

8.3

8.4

207

232

235

238

240

Sweden

7.7

8.3

8.3

8.3

8.3

438

476

477

478

478

Iceland

2.5

:

:

:

:

6

:

:

:

:

Norway

3.6

4.0

4.0

4.0

4.0

107

121

121

121

121

Switzerland

4.1

4.2

4.3

4.2

:

205

212

217

215

:

United States

3.5

3.9

4.0

4.1

4.3

5 846

6 436

6 614

6 807

7 104

: Data not available

Source datasets: une_rt_m (rates) and une_rt_m (in 1 000 persons)

Euro area unemployment at 6.4% (3)

Seasonally adjusted youth (under 25s) unemployment

Rates (%)

Number of persons (in thousands)

2023

2024

2023

2024

Jul

Apr

May

Jun

Jul

Jul

Apr

May

Jun

Jul

Euro area

14.6

14.5

14.6

14.4

14.2

2 329

2 320

2 327

2 300

2 263

EU

14.5

14.7

14.7

14.6

14.5

2 810

2 869

2 865

2 843

2 818

Belgium

17.5

16.7

16.7

16.7

:

75

69

69

69

:

Bulgaria

13.5

13.1

12.0

11.5

11.5

16

16

14

13

13

Czechia

9.9

8.0

9.6

10.5

11.6

29

23

27

31

35

Denmark

11.5

12.3

13.7

14.7

13.6

52

59

67

76

66

Germany

5.6

6.6

6.6

6.6

6.6

257

304

306

306

305

Estonia

22.3

20.6

22.8

23.0

22.8

14

13

14

14

14

Ireland

10.5

10.1

10.1

10.4

11.4

38

37

36

38

42

Greece

27.0

24.2

24.9

23.8

20.0

71

68

65

60

49

Spain

28.1

26.7

26.5

25.9

25.5

489

472

474

464

460

France

17.6

17.6

17.6

17.6

17.2

595

595

597

595

584

Croatia

18.6

16.7

16.7

16.7

:

23

21

21

21

:

Italy

22.8

20.9

21.2

21.5

20.8

347

307

311

313

307

Cyprus

16.9

15.4

15.4

15.4

:

6

5

5

5

:

Latvia

10.7

15.2

17.1

17.3

16.2

7

10

11

11

10

Lithuania

13.0

16.3

20.1

21.4

19.0

13

18

22

23

20

Luxembourg

17.9

20.2

20.5

20.3

20.3

5

5

5

5

5

Hungary

12.1

14.3

13.3

12.9

14.7

38

46

43

41

46

Malta

8.4

7.5

8.0

8.4

8.7

2

2

2

2

2

Netherlands

8.6

8.7

8.4

8.6

8.6

155

159

154

157

156

Austria

10.9

9.7

9.9

9.6

9.7

59

49

50

50

50

Poland

11.2

10.6

10.2

10.1

10.0

124

116

112

110

108

Portugal

20.7

22.3

23.5

21.7

20.9

81

83

87

79

76

Romania

21.3

23.2

23.2

23.2

:

102

114

114

114

:

Slovenia

11.5

10.0

10.0

10.0

:

8

7

7

7

:

Slovakia

20.5

21.1

21.3

21.0

21.0

29

30

30

30

30

Finland

16.8

18.1

17.9

17.8

17.7

54

59

59

58

58

Sweden

21.6

24.2

24.3

24.3

24.4

147

166

167

169

169

Iceland

7.2

:

:

:

:

3

:

:

:

:

Norway

11.1

13.9

12.7

12.1

11.9

48

61

56

54

52

Switzerland

8.5

7.5

7.4

6.8

:

50

44

44

41

:

: Data not available

Belgium, Croatia, Cyprus, Romania and Slovenia: quarterly data

Source datasets: une_rt_m (rates) and une_rt_m (in 1 000 persons)

Euro area unemployment at 6.4% (4)

Seasonally adjusted unemployment rates (%), by sex

Males

Females

2023

2024

2023

2024

Jul

Apr

May

Jun

Jul

Jul

Apr

May

Jun

Jul

Euro area

6.2

6.2

6.2

6.2

6.2

7.0

6.8

6.8

6.7

6.6

EU

5.7

5.8

5.8

5.8

5.8

6.4

6.2

6.2

6.2

6.1

Belgium

5.9

6.1

5.9

5.8

5.8

4.8

5.0

5.1

5.1

5.0

Bulgaria

4.7

4.3

4.1

4.1

4.2

4.4

4.0

3.8

3.8

3.7

Czechia

2.2

2.3

2.5

2.5

2.5

3.4

3.3

3.0

3.1

3.1

Denmark

5.1

5.9

5.4

5.6

5.2

5.5

6.0

6.8

6.8

6.6

Germany

3.2

3.7

3.7

3.7

3.7

2.7

3.1

3.1

3.1

3.1

Estonia

7.2

7.0

7.3

7.4

7.7

7.9

8.0

7.5

7.3

7.3

Ireland

4.5

4.3

4.4

4.5

4.7

4.1

4.4

4.4

4.5

4.8

Greece

8.5

8.4

8.0

7.6

7.8

14.4

13.1

13.2

11.9

12.5

Spain

10.5

10.3

10.3

10.2

10.2

13.7

13.1

13.1

13.0

12.9

France

7.5

7.4

7.4

7.4

7.4

7.3

7.4

7.5

7.5

7.5

Croatia

5.6

4.7

4.7

4.8

4.8

6.7

5.6

5.5

5.3

5.2

Italy

6.8

6.1

6.2

6.3

6.2

9.2

7.8

7.7

7.7

6.8

Cyprus

6.0

4.6

4.3

4.5

4.6

5.5

5.4

5.3

5.8

6.2

Latvia

7.9

7.8

7.9

8.0

8.3

5.2

6.2

6.0

5.8

5.5

Lithuania

7.1

8.1

8.4

8.3

8.4

6.0

6.9

6.4

6.0

7.6

Luxembourg

4.9

5.7

5.9

5.9

5.9

5.5

5.7

5.7

5.7

5.8

Hungary

4.0

4.4

4.3

4.2

4.3

4.0

4.2

4.2

4.3

4.3

Malta

3.1

3.6

3.6

3.6

3.4

2.9

2.5

2.5

2.4

2.4

Netherlands

3.5

3.6

3.5

3.5

3.5

3.7

3.8

3.7

3.8

3.8

Austria

5.6

5.1

5.8

5.7

5.7

5.3

4.9

4.4

4.7

4.3

Poland

2.7

2.9

2.9

2.9

2.9

2.8

2.9

2.8

2.8

2.8

Portugal

5.8

5.8

5.9

6.1

5.9

6.7

7.0

6.9

6.7

6.5

Romania

5.8

5.6

5.5

5.5

5.7

5.4

4.6

4.9

4.6

5.1

Slovenia

3.7

3.3

3.5

3.5

3.3

3.9

3.6

3.6

3.5

3.4

Slovakia

5.7

4.9

4.9

4.8

4.7

6.0

6.0

6.0

5.9

6.0

Finland

8.0

9.2

9.4

9.6

9.7

6.6

7.0

7.1

7.0

7.0

Sweden

7.5

8.4

8.4

8.4

8.4

7.9

8.3

8.3

8.3

8.3

Iceland

2.0

:

:

:

:

3.1

:

:

:

:

Norway

3.8

4.5

4.2

4.2

4.0

3.6

4.2

3.9

3.9

3.8

Switzerland

3.8

3.9

4.0

4.0

:

4.4

4.4

4.5

4.5

:

: Data not available

Source dataset: une_rt_m

Euro area unemployment at 6.4% (5)

Notes for users

Revisions and timetable

The data in this News Release can be subject to revisions, caused by updates to the seasonally adjusted series whenever new monthly data are added; the inclusion of the most recent LFS data in the calculation process; update of seasonal adjustment models with complete annual data.

Compared with the rates published in News Release of 1 August 2024, the June 2024 unemployment rate for the EU and the unemployment rate for the euro area remained unchanged. Among EU Member States, the rate has been revised by more than 0.1 percentage points (pp) downwards for Lithuania (by 1.0 pp), Bulgaria (by 0.5 pp), Belgium and Romania (both by 0.4 pp), Croatia and Portugal (both by 0.3 pp) as well as for Slovakia (by 0.2 pp). The rate has been revised by more than 0.1 percentage points (pp) upwards for Cyprus (by 0.7 pp), Slovenia (by 0.4 pp), Denmark and Ireland (both by 0.3 pp) as well as for Latvia (by 0.2 pp).

Country notes

Germany, the Netherlands, Finland, Sweden as well as Iceland and Norway: the trend component is used instead of the more volatile seasonally adjusted data.

Estonia and Portugal: 3-month moving averages of LFS data are used instead of pure monthly indicators.

Methods and definitions

Eurostat publishes harmonised unemployment rates for individual EU Member States, the euro area and the EU. These unemployment rates are based on the definition recommended by the International Labour Organisation (ILO). The measurement is based on a harmonised data source, the European Union Labour Force Survey (LFS).

Based on the ILO definition, Eurostat defines unemployed persons as persons aged 15 to 74 who:

  • are without work;

  • are available to start work within the next two weeks;

  • and have actively sought employment at some time during the previous four weeks.

The unemployment rate is the number of people unemployed as a percentage of the labour force.

The labour force is the total number of people employed plus unemployed. In this news release unemployment rates are based on employment and unemployment data covering persons aged 15 to 74.

The youth unemployment rate is the number of people aged 15 to 24 unemployed as a percentage of the labour force of the same age. Therefore, the youth unemployment rate should not be interpreted as the share of jobless people in the overall youth population.

When data for the most recent month are not available for a Member State, EU and EA aggregates are calculated using the latest data available for that Member State.

Geographical information

Euro area (EA20): Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

European Union (EU27): Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.

For more information

  • Website section on employment and unemployment

  • Database section on unemployment, including non-seasonally adjusted and trend data

  • Statistics Explained articles on unemployment

  • Metadata on adjusted unemployment series

  • Euro indicators dashboard

  • Release calendar for Euro indicators

  • European Statistics Code of Practice

Get in touch

Media requests

Eurostat Media Support

Phone: (+352) 4301 33 408

E-mail: eurostat-mediasupport@ec.europa.eu

Further information on data

Thibaut HENRION

Phone: (+352) 4301 31 686

Boyan GENEV

Phone: (+352) 4301 36 409

E-mail: estat-monthly-unemployment@ec.europa.eu

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' + '' + '' + '' + seriesName + '' + '' + '' + value + '' + '

'; } /** Close the tooltip content container */ tooltipContent += '

'; /** Return the formatted tooltip content */ return tooltipContent; }}/* * This content is licensed according to the W3C Software License at * https://www.w3.org/Consortium/Legal/2015/copyright-software-and-document * * File: sortable-table.js * * Desc: Adds sorting to a HTML data table that implements ARIA Authoring Practices */'use strict';class SortableTable { constructor(tableNode) { this.tableNode = tableNode; this.columnHeaders = tableNode.querySelectorAll('thead th.sortable'); this.sortColumns = []; for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (buttonNode) { this.sortColumns.push(i); // buttonNode.setAttribute('data-column-index', i); // buttonNode.addEventListener('click', this.handleClick.bind(this)); ch.setAttribute('data-column-index', i); ch.addEventListener('click', this.handleClick.bind(this)); } } this.optionCheckbox = document.querySelector( 'input[type="checkbox"][value="show-unsorted-icon"]' ); if (this.optionCheckbox) { this.optionCheckbox.addEventListener( 'change', this.handleOptionChange.bind(this) ); if (this.optionCheckbox.checked) { this.tableNode.classList.add('show-unsorted-icon'); } } } setColumnHeaderSort(columnIndex) { if (typeof columnIndex === 'string') { columnIndex = parseInt(columnIndex); } for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (i === columnIndex) { var value = ch.getAttribute('aria-sort'); if (value === 'ascending') { ch.setAttribute('aria-sort', 'descending'); this.sortColumn( columnIndex, 'descending', ch.classList.contains('num')); } else if (value === 'descending') { ch.removeAttribute('aria-sort'); this.sortColumn( columnIndex, 'initial', true ); } else { ch.setAttribute('aria-sort', 'ascending'); this.sortColumn( columnIndex, 'ascending', ch.classList.contains('num') ); } } else { if (ch.hasAttribute('aria-sort') && buttonNode) { ch.removeAttribute('aria-sort'); } } } } sortColumn(columnIndex, sortValue, isNumber) { function compareValues(a, b) { if (a.value === b.value) return 0; if (sortValue === 'descending') { return isNumber ? b.value - a.value : (a.value > b.value ? -1 : 1); } else { return isNumber ? a.value - b.value : (a.value < b.value ? -1 : 1); } } if (typeof isNumber !== 'boolean') { isNumber = false; } var tbodyNode = this.tableNode.querySelector('tbody'); var rowNodes = []; var dataCells = []; var rowNode = tbodyNode.firstElementChild; var index = 0; while (rowNode) { rowNodes.push(rowNode); var rowCells = rowNode.querySelectorAll('th, td'); var dataCell = rowCells[columnIndex]; var data = {}; data.index = index; if (sortValue !== 'initial') { data.value = dataCell.textContent.toLowerCase().trim(); } else { data.value = rowNode.getAttribute('initial-position').toLowerCase().trim(); } if (isNumber) { data.value = parseFloat(data.value); } dataCells.push(data); rowNode = rowNode.nextElementSibling; index += 1; } dataCells.sort(compareValues); // remove rows while (tbodyNode.firstChild) { tbodyNode.removeChild(tbodyNode.lastChild); } // add sorted rows for (var i = 0; i < dataCells.length; i += 1) { let pos = [dataCells[i].index]; if (sortValue === "initial") { rowNodes[pos].classList.remove("sorted"); } else { rowNodes[pos].classList.add("sorted"); } tbodyNode.appendChild(rowNodes[pos]); } } /* EVENT HANDLERS */ handleClick(event) { var tgt = event.currentTarget; this.setColumnHeaderSort(tgt.getAttribute('data-column-index')); } handleOptionChange(event) { var tgt = event.currentTarget; if (tgt.checked) { this.tableNode.classList.add('show-unsorted-icon'); } else { this.tableNode.classList.remove('show-unsorted-icon'); } }}$(document).ready(function() { load(); });;}());

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Euro area unemployment at 6.4% (2024)

FAQs

What is the average unemployment rate in the euro area? ›

Highlights. The EU unemployment rate in 2022 was 6.2 %, the lowest since 2009. The unemployment rate in the EU in 2022 ranged from almost 13 % in Spain and Greece to less than 3 % in Malta, Poland, and Czechia.

What is the unemployment rate in the euro area? ›

ActualPreviousUnit
6.406.50percent

What is a good unemployment rate range? ›

What's the natural rate of unemployment? A reasonable unemployment rate is between 3% and 5%. Low unemployment means many people are receiving an income, which is good for consumer spending and the economy as a whole.

How do you solve for unemployment rate? ›

The unemployment rate formula is unemployment rate = (Number of unemployed individuals /sums of employed and unemployed individuals) x 100%. Example-Assuming the number of unemployed people is 500 and those employed are 3000, the unemployment rate will be: 500/3500 x 100% =14.29%.

What country has the worst unemployment rate? ›

The world's five highest unemployment rates at the end of 2023 (latest information) were in Africa and occupied Palestine.
  • Eswatini: 37.6%
  • South Africa: 28%
  • Djibouti: 26.3%
  • West Bank and Gaza: 24.4%
  • Botswana: 23.4%1.
Aug 23, 2024

What is a high unemployment rate? ›

In November 2021—the most recent month for which state-level numbers are available—California had the highest unemployment rate in the nation at 6.9 percent, compared to a nationwide rate of 4.2 percent. The state's high unemployment rate can be attributed to a range of factors.

What is the unemployment rate in the euro area in 2024? ›

Overview. In April 2024, the euro area seasonally-adjusted unemployment rate was 6.4%, down from 6.5% in March 2024 and in April 2023.

Why is European unemployment so high? ›

In addition to oil prices, interest rates, taxes, and unemployment benefits, which have tended to raise the long-run unemployment rate, there are important dynamic features of unemployment—such as inertia and overshooting—that have contributed significantly to the European unemployment problem over the past 25 years.

Why is unemployment in Spain so high? ›

Causes. Spain suffers a high level of structural unemployment. Since the economic and financial crisis of the 1980s, unemployment has never dipped below 8%. One leading cause is an economy based mostly on tourism and building sectors, as well as lack of industry.

Is 5% unemployment good? ›

The level at which unemployment equals positive output is highly debated. However, economists suggest that as the U.S. unemployment rate gets below 5%, the economy is very close to or at full capacity.

What is the highest unemployment rate in US history? ›

Unemployment was most severe in 1933 in Michigan, which also stands at the head of the array of the 1930-33 average with a rate of 35.9 percent.

What is optimal unemployment? ›

In general, most experts deem unemployment between 3% and 5% to be ideal, though there is no single consensus on what constitutes healthy unemployment.

What is the best way to measure unemployment rate? ›

The rate of unemployment is a percentage that is calculated by dividing the number of unemployed individuals by the number of individuals currently employed in the work force.

How to calculate actual unemployment rate? ›

We can calculate the unemployment rate by dividing the number of unemployed people by the total number in the labor force, then multiplying by 100. Figure 1. Employed, Unemployed, and Out of the Labor Force Distribution of Adult Population (age 16 and older), 2016.

When the unemployment rate is 8 percent then this means? ›

If the unemployment rate is 8 percent, then this means: 8 percent of the labor force is unemployed.

What is the unemployment rate in the US compared to Europe? ›

The US average unemployment rate is 3.5%. The EU average unemployment rate is 6.1% 🇺🇸🇪🇺🗺 [OC]

Which region of Europe has the highest unemployment rate? ›

Unemployment rate in the EU 2023, by country

Among European Union countries in October 2023, Spain had the highest unemployment rate at 12 percent, followed by Greece at 9.6 percent. By contrast, Malta has the lowest unemployment rate in Europe, at 2.5 percent.

What is the unemployment rate in Germany? ›

6.00 percent

What is the unemployment rate in France? ›

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. France unemployment rate for 2022 was 7.31%, a 0.55% decline from 2021. France unemployment rate for 2021 was 7.86%, a 0.15% decline from 2020.

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