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 - Friday 1 March 2024 10:00

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

Trading range

Forecast history

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

Past events

Date
Forecast
Actual
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%
Tuesday 6 April 2021 09:00
8.1%
8.3%
Thursday 4 March 2021 10:00
8.3%
8.1%

Economic context

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

PreviousLatest
Harmonized Index of Consumer Prices (MoM)Bullish change-0.4%0.6%
Core Harmonized Index of Consumer Prices (YoY)Bearish change3.3%3.1%
Core Harmonized Index of Consumer Prices (MoM)Bullish change-0.9%0.7%
Harmonized Index of Consumer Prices (YoY)Bearish change2.8%2.6%
Consumer Price Index (YoY)(no change)0.8%0.8%
Consumer Price Index (EU Norm) (YoY)(no change)0.9%0.9%
HCOB Manufacturing PMIBullish change42.342.5
HCOB Manufacturing PMIBullish change48.548.7
HCOB Manufacturing PMIBullish change49.251.5
Consumer Price Index (MoM)Bullish change0.2%0.4%
Harmonized Index of Consumer Prices (YoY)Bearish change3.1%2.7%
Consumer Price Index (YoY)Bearish change2.9%2.5%
Harmonized Index of Consumer Prices (MoM)Bullish change-0.2%0.6%
Unemployment ChangeBearish change-2K11K
Unemployment Rate s.a.Bearish change5.8%5.9%
Harmonized Index of Consumer Prices (YoY)Bearish change3.5%2.9%
Consumer Price Index (EU norm) (YoY)Bearish change3.4%3.1%
Retail Sales (MoM)Bullish change-1.6%-0.4%
Retail Sales (YoY)Bullish change-1.7%-1.4%
Economic Sentiment IndicatorBearish change96.195.4
Consumer Confidence(no change)-15.5-15.5
Business Climate(no change)-0.42-0.42
Gfk Consumer Confidence SurveyBullish change-29.6-29
IFO – Business ClimateBullish change85.285.5
IFO – Current Assessment(no change)86.986.9
IFO – ExpectationsBullish change83.584.1
Gross Domestic Product (YoY)(no change)-0.2%-0.2%
Gross Domestic Product (QoQ)(no change)-0.3%-0.3%
Gross Domestic Product w.d.a (YoY)(no change)-0.4%-0.4%
Core Harmonized Index of Consumer Prices (YoY)(no change)3.3%3.3%
Core Harmonized Index of Consumer Prices (MoM)(no change)-0.9%-0.9%
Harmonized Index of Consumer Prices (MoM)(no change)-0.4%-0.4%
HCOB Services PMIBullish change48.450
HCOB Manufacturing PMIBearish change46.646.1
HCOB Composite PMIBullish change47.948.9
Consumer Price Index (EU Norm) (YoY)(no change)0.9%0.9%
Consumer Price Index (YoY)(no change)0.8%0.8%
HCOB Services PMIBullish change47.748.2
HCOB Manufacturing PMIBearish change45.542.3
HCOB Composite PMIBearish change4746.1
HCOB Manufacturing PMIBullish change43.146.8
HCOB Services PMIBullish change45.448
HCOB Composite PMIBullish change44.647.7
Consumer ConfidenceBullish change-16.1-15.5

About Unemployment Rate

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

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