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 3 May 2024 09:00

Previous
6.5%
Revised
-
Forecast
6.5%
Actual
6.5%

Next event - Thursday 30 May 2024 09:00

Previous
-
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 6.5%.

Past events

Date
Forecast
Actual
Friday 3 May 2024 09:00
6.5%
6.5%
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%

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
HCOB Manufacturing PMIBullish change42.242.5
HCOB Manufacturing PMIBearish change50.447.3
HCOB Manufacturing PMIBullish change51.452.2
Core Harmonized Index of Consumer Prices (MoM)Bearish change1.1%0.7%
Core Harmonized Index of Consumer Prices (YoY)Bearish change2.9%2.7%
Gross Domestic Product s.a. (QoQ)Bullish change0%0.3%
Gross Domestic Product s.a. (YoY)Bullish change0.1%0.4%
Harmonized Index of Consumer Prices (MoM)Bearish change0.8%0.6%
Harmonized Index of Consumer Prices (YoY)(no change)2.4%2.4%
Consumer Price Index (EU Norm) (YoY)Bearish change1.2%1%
Consumer Price Index (YoY)Bearish change1.2%0.9%
Gross Domestic Product (QoQ)Bullish change-0.3%0.2%
Gross Domestic Product (YoY)(no change)-0.2%-0.2%
Gross Domestic Product w.d.a (YoY)Bearish change-0.4%-0.9%
Gross Domestic Product (QoQ)Bullish change0.1%0.3%
Gross Domestic Product (YoY)Bearish change0.7%0.6%
Unemployment ChangeBearish change4K10K
Unemployment Rate s.a.(no change)5.9%5.9%
Gross Domestic Product - Estimated (QoQ)Bullish change0.6%0.7%
Consumer Price Index (EU norm) (YoY)(no change)2.4%2.4%
Retail Sales (MoM)Bullish change-1.9%1.8%
Retail Sales (YoY)Bullish change-2.7%0.3%
Gross Domestic Product (QoQ)Bullish change0.1%0.2%
Consumer Price Index (MoM)Bullish change0.4%0.5%
Consumer Price Index (YoY)(no change)2.2%2.2%
Harmonized Index of Consumer Prices (MoM)(no change)0.6%0.6%
Harmonized Index of Consumer Prices (YoY)Bullish change2.3%2.4%
Business ClimateBearish change-0.32-0.53
Consumer Confidence(no change)-14.7-14.7
Economic Sentiment IndicatorBearish change96.295.6
Harmonized Index of Consumer Prices (YoY)Bullish change3.3%3.4%
GfK Consumer Confidence SurveyBullish change-27.3-24.2
IFO – Business ClimateBullish change87.989.4
IFO – Current AssessmentBullish change88.188.9
IFO – ExpectationsBullish change87.789.9
HCOB Composite PMIBullish change50.351.4
HCOB Manufacturing PMIBearish change46.145.6
HCOB Services PMIBullish change51.552.9
HCOB Composite PMIBullish change47.750.5
HCOB Manufacturing PMIBullish change41.942.2
HCOB Services PMIBullish change50.153.3
HCOB Composite PMIBullish change48.349.9
HCOB Manufacturing PMIBearish change46.244.9
HCOB Services PMIBullish change48.350.5
Consumer ConfidenceBullish change-14.9-14.7

About Unemployment Rate

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

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