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 31 October 2024 10:00

Previous
6.3%
Revised
6.3%
Forecast
6.4%
Actual
6.3%

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

Next event - Monday 2 December 2024 10:00

Previous
6.3%
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 6.3% against a forecast of 6.4%.

Past events

Date
Forecast
Actual
Thursday 31 October 2024 10:00
6.4%
6.3%
Wednesday 2 October 2024 09:00
6.4%
6.4%
Friday 30 August 2024 09:00
6.5%
6.4%
Thursday 1 August 2024 09:00
6.4%
6.5%
Tuesday 2 July 2024 09:00
6.4%
6.4%
Thursday 30 May 2024 09:00
6.5%
6.4%
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%

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
Producer Price Index (MoM)Bullish change-0.5%0.2%
Producer Price Index (YoY)Bullish change-1.4%-1.1%
Core Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.7%2.7%
Harmonized Index of Consumer Prices (MoM)(no change)0.3%0.3%
Consumer Price Index (EU Norm) (YoY)(no change)1%1%
Consumer Price Index (YoY)(no change)0.9%0.9%
Consumer Price Index (EU norm) (YoY)Bullish change1.5%1.6%
Industrial Production s.a. (MoM)Bearish change1.5%-2%
Employment Change (QoQ)(no change)0.2%0.2%
Gross Domestic Product s.a. (QoQ)(no change)0.4%0.4%
Gross Domestic Product s.a. (YoY)(no change)0.9%0.9%
Harmonized Index of Consumer Prices (YoY)(no change)1.8%1.8%
ZEW Survey – Current SituationBearish change-86.9-91.4
ZEW Survey – Economic SentimentBearish change13.17.4
ZEW Survey – Economic SentimentBearish change20.112.5
Harmonized Index of Consumer Prices (MoM)(no change)0.4%0.4%
Harmonized Index of Consumer Prices (YoY)(no change)2.4%2.4%
Retail Sales (MoM)Bearish change1.1%0.5%
Retail Sales (YoY)Bullish change2.4%2.9%

About Unemployment Rate

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