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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 - Thursday 1 June 2023 09:00

Previous
6.6%
Revised
6.6%
Forecast
6.5%
Actual
6.5%

Next event - Friday 30 June 2023 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 6.5%.

Past events

Date
Forecast
Actual
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%
Monday 1 February 2021 10:00
8.3%
8.3%
Friday 8 January 2021 10:00
8.5%
8.3%
Wednesday 2 December 2020 10:00
8.4%
8.4%
Friday 30 October 2020 10:00
8.3%
8.3%
Thursday 1 October 2020 09:00
8.1%
8.1%
Tuesday 1 September 2020 09:00
8%
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:

PreviousLatest
Core Harmonized Index of Consumer Prices (MoM)Bearish change1%0.2%
Core Harmonized Index of Consumer Prices (YoY)Bearish change5.6%5.3%
Harmonized Index of Consumer Prices (MoM)Bearish change0.6%0%
Harmonized Index of Consumer Prices (YoY)Bearish change7%6.1%
30-y Bond AuctionBullish change3.81%3.98%
UnemploymentBullish change7.9%7.8%
HCOB Manufacturing PMIBullish change42.943.2
HCOB Manufacturing PMIBearish change46.845.9
HCOB Manufacturing PMIBearish change4948.4
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 change7.6%6.3%
Gross Domestic Product (QoQ)Bullish change0.5%0.6%
Gross Domestic Product (YoY)Bullish change1.8%1.9%
Unemployment ChangeBullish change24K9K
Unemployment Rate s.a.(no change)5.6%5.6%
Business ClimateBearish change0.510.19
Consumer Confidence(no change)-17.4-17.4
Gfk Consumer Confidence SurveyBullish change-25.8-24.2
Gross Domestic Product (QoQ)Bearish change0%-0.3%
Gross Domestic Product (YoY)Bearish change-0.1%-0.5%
Gross Domestic Product w.d.a (YoY)Bearish change0.2%-0.2%
IFO – Business ClimateBearish change93.491.7
IFO – Current AssessmentBearish change95.194.8
IFO – ExpectationsBearish change91.788.6
HCOB Composite PMIBearish change54.153.3
HCOB Manufacturing PMIBearish change45.844.6
HCOB Services PMIBearish change56.255.9
HCOB Composite PMIBullish change54.254.3
HCOB Manufacturing PMIBearish change44.542.9
HCOB Services PMIBullish change5657.8
HCOB Composite PMIBearish change52.451.4
HCOB Manufacturing PMIBullish change45.646.1
Consumer ConfidenceBullish change-17.5-17.4

About Unemployment Rate

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