Unemployment Rate

The Unemployment Rate released by the Eurostat is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the European Economy. If the rate is up, it indicates a lack of expansion within the European lobar market. As a result, a rise leads to weaken the European economy. Generally speaking, a decrease of the figure is seen as positive (or bullish) for the EUR, while an increase is seen as negative (or bearish).

Most recent - Wednesday 3 April 2024 09:00

Previous
6.5%
Revised
6.5%
Forecast
6.4%
Actual
6.5%

Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.

Next event - Friday 3 May 2024 09:00

Previous
6.5%
Forecast
-
Actual
-

The typical/expected impact on EUR pairs is medium.

There is no forecast value for Unemployment Rate yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Unemployment Rate was 6.5% against a forecast of 6.4%.

Past events

Date
Forecast
Actual
Wednesday 3 April 2024 09:00
6.4%
6.5%
Friday 1 March 2024 10:00
6.4%
6.4%
Thursday 1 February 2024 10:00
6.4%
6.4%
Tuesday 9 January 2024 10:00
6.5%
6.4%
Thursday 30 November 2023 10:00
6.5%
6.5%
Friday 3 November 2023 10:00
6.4%
6.5%
Monday 2 October 2023 09:00
6.4%
6.4%
Thursday 31 August 2023 09:00
6.4%
6.4%
Tuesday 1 August 2023 09:00
6.5%
6.4%
Friday 30 June 2023 09:00
6.5%
6.5%
Thursday 1 June 2023 09:00
6.5%
6.5%
Wednesday 3 May 2023 09:00
6.6%
6.5%
Friday 31 March 2023 09:00
6.7%
6.6%
Thursday 2 March 2023 10:00
6.6%
6.7%
Wednesday 1 February 2023 10:00
6.5%
6.6%
Monday 9 January 2023 10:00
6.5%
6.5%
Thursday 1 December 2022 10:00
6.6%
6.5%
Thursday 3 November 2022 10:00
6.6%
6.6%
Friday 30 September 2022 09:00
6.6%
6.6%
Thursday 1 September 2022 09:00
6.6%
6.6%
Monday 1 August 2022 09:00
6.6%
6.6%
Thursday 30 June 2022 09:00
6.8%
6.6%
Wednesday 1 June 2022 09:00
6.7%
6.8%
Tuesday 3 May 2022 09:00
6.7%
6.8%
Thursday 31 March 2022 09:00
6.7%
6.8%
Thursday 3 March 2022 10:00
6.9%
6.8%
Tuesday 1 February 2022 10:00
7.1%
7%
Monday 10 January 2022 10:00
7.2%
7.2%
Thursday 2 December 2021 10:00
7.3%
7.3%
Wednesday 3 November 2021 10:00
7.4%
7.4%
Thursday 30 September 2021 09:00
7.5%
7.5%
Wednesday 1 September 2021 09:00
7.6%
7.6%
Friday 30 July 2021 09:00
7.9%
7.7%
Thursday 1 July 2021 09:00
8%
7.9%
Tuesday 1 June 2021 09:00
8.1%
8%
Friday 30 April 2021 09:00
8.3%
8.1%

Economic context

Recent economic data has been moderately bullish for EUR. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:

PreviousLatest
Producer Price Index (MoM)Bullish change-0.4%0.2%
Producer Price Index (YoY)Bullish change-4.1%-2.9%
Core Harmonized Index of Consumer Prices (MoM)(no change)1.1%1.1%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.9%2.9%
Harmonized Index of Consumer Prices (MoM)(no change)0.8%0.8%
ZEW Survey – Current SituationBullish change-80.5-79.2
ZEW Survey – Economic SentimentBullish change31.742.9
ZEW Survey – Economic SentimentBullish change33.543.9
Consumer Price Index (EU Norm) (YoY)Bearish change1.3%1.2%
Consumer Price Index (YoY)Bearish change1.3%1.2%
Industrial Production s.a. (MoM)Bullish change-3%0.8%
Harmonized Index of Consumer Prices (YoY)Bullish change3.2%3.3%
Consumer Price Index (EU norm) (YoY)(no change)2.4%2.4%
Harmonized Index of Consumer Prices (MoM)(no change)0.6%0.6%
Harmonized Index of Consumer Prices (YoY)(no change)2.3%2.3%
Sentix Investor ConfidenceBullish change-10.5-5.9
Industrial Production n.s.a. w.d.a. (YoY)Bullish change-5.3%-4.9%
Industrial Production s.a. (MoM)Bullish change1.3%2.1%
Trade Balance s.a.Bearish change€27.5B€21.4B

About Unemployment Rate

Country:Eurozone
Currency:EUR
Source:Eurostat
Category:Labor Market
Frequency:Monthly

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