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).

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Most recent - Thursday 1 June 2023 09:00

6.6%

Revised

6.6%

Forecast

6.5%

Actual

6.5%

Next event - Friday 30 June 2023 09:00

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 6.5%.

Past events

Date

Forecast

Actual

Thursday 1 June 2023 09:00

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%

Thursday 1 December 2022 10:00

6.6%

6.5%

Thursday 3 November 2022 10:00

6.6%

Friday 30 September 2022 09:00

6.6%

Thursday 1 September 2022 09:00

6.6%

Monday 1 August 2022 09:00

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%

Monday 10 January 2022 10:00

7.2%

Thursday 2 December 2021 10:00

7.3%

Wednesday 3 November 2021 10:00

7.4%

Thursday 30 September 2021 09:00

7.5%

Wednesday 1 September 2021 09:00

7.6%

Friday 30 July 2021 09:00

7.9%

7.7%

Thursday 1 July 2021 09:00

7.9%

Tuesday 1 June 2021 09:00

8.1%

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%

Monday 1 February 2021 10:00

8.3%

Friday 8 January 2021 10:00

8.5%

8.3%

Wednesday 2 December 2020 10:00

8.4%

Friday 30 October 2020 10:00

8.3%

Thursday 1 October 2020 09:00

8.1%

Tuesday 1 September 2020 09:00

7.9%

Thursday 30 July 2020 09:00

7.7%

7.8%

Thursday 2 July 2020 09:00

7.7%

7.4%

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:

		Previous	Latest
Core Harmonized Index of Consumer Prices (MoM)	Bearish change	1%	0.2%
Core Harmonized Index of Consumer Prices (YoY)	Bearish change	5.6%	5.3%
Harmonized Index of Consumer Prices (MoM)	Bearish change	0.6%	0%
Harmonized Index of Consumer Prices (YoY)	Bearish change	7%	6.1%
30-y Bond Auction	Bullish change	3.81%	3.98%
Unemployment	Bullish change	7.9%	7.8%
HCOB Manufacturing PMI	Bullish change	42.9	43.2
HCOB Manufacturing PMI	Bearish change	46.8	45.9
HCOB Manufacturing PMI	Bearish change	49	48.4
Retail Sales (MoM)	Bullish change	-2.4%	0.8%
Retail Sales (YoY)	Bullish change	-8.6%	-4.3%
Harmonized Index of Consumer Prices (YoY)	Bearish change	7.6%	6.3%
Gross Domestic Product (QoQ)	Bullish change	0.5%	0.6%
Gross Domestic Product (YoY)	Bullish change	1.8%	1.9%
Unemployment Change	Bullish change	24K	9K
Unemployment Rate s.a.	(no change)	5.6%	5.6%
Business Climate	Bearish change	0.51	0.19
Consumer Confidence	(no change)	-17.4	-17.4
Gfk Consumer Confidence Survey	Bullish change	-25.8	-24.2
Gross Domestic Product (QoQ)	Bearish change	0%	-0.3%
Gross Domestic Product (YoY)	Bearish change	-0.1%	-0.5%
Gross Domestic Product w.d.a (YoY)	Bearish change	0.2%	-0.2%
IFO – Business Climate	Bearish change	93.4	91.7
IFO – Current Assessment	Bearish change	95.1	94.8
IFO – Expectations	Bearish change	91.7	88.6
HCOB Composite PMI	Bearish change	54.1	53.3
HCOB Manufacturing PMI	Bearish change	45.8	44.6
HCOB Services PMI	Bearish change	56.2	55.9
HCOB Composite PMI	Bullish change	54.2	54.3
HCOB Manufacturing PMI	Bearish change	44.5	42.9
HCOB Services PMI	Bullish change	56	57.8
HCOB Composite PMI	Bearish change	52.4	51.4
HCOB Manufacturing PMI	Bullish change	45.6	46.1
Consumer Confidence	Bullish change	-17.5	-17.4

About Unemployment Rate

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

Related events

	Australia		Unemployment Rate s.a.
	Australia		Employment Change s.a.
	Canada		Unemployment Rate
	Canada		Net Change in Employment
	New Zealand		Unemployment Rate
	New Zealand		Employment Change
	United Kingdom		ILO Unemployment Rate (3M)
	United Kingdom		Claimant Count Change
	United States		Nonfarm Payrolls
	United States		ADP Employment Change
	Australia		Wage Price Index (QoQ)
	Australia		Full-Time Employment
	Canada		Participation Rate
	Canada		Average Hourly Wages (YoY)
	Switzerland		Unemployment Rate s.a (MoM)
	Germany		Unemployment Change
	Germany		Unemployment Rate s.a.
	Eurozone		Labor Cost
	Italy		Unemployment
	Japan		Jobs / Applicants Ratio
	Japan		Unemployment Rate
	New Zealand		Participation Rate
	New Zealand		Labour Cost Index (QoQ)
	United Kingdom		Claimant Count Rate
	United Kingdom		Average Earnings Including Bonus (3Mo/Yr)
	United Kingdom		Average Earnings Excluding Bonus (3Mo/Yr)
	United States		ISM Manufacturing Employment Index
	United States		Unit Labor Costs
	United States		Personal Income (MoM)
	United States		ISM Services Employment Index
	United States		Unemployment Rate
	United States		Nonfarm Productivity
	United States		Initial Jobless Claims
	United States		Labor Force Participation Rate
	United States		U6 Underemployment Rate
	United States		Initial Jobless Claims 4-week average
	United States		Average Hourly Earnings (MoM)
	United States		Average Hourly Earnings (YoY)

Calendar - Unemployment Rate - Eurozone

Unemployment Rate

Most recent - Thursday 1 June 2023 09:00

Next event - Friday 30 June 2023 09:00

Trading range

Trading range after each Unemployment Rate event

Forecast history

Past events

Economic context

About Unemployment Rate

Related events