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 30 August 2024 09:00

Previous
6.5%
Revised
-
Forecast
6.5%
Actual
6.4%

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

Next event - Wednesday 2 October 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 6.4% against a forecast of 6.5%.

Past events

Date
Forecast
Actual
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%
Wednesday 3 November 2021 10:00
7.4%
7.4%
Thursday 30 September 2021 09:00
7.5%
7.5%

Economic context

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

PreviousLatest
Employment Change (QoQ)(no change)0.2%0.2%
Gross Domestic Product s.a. (QoQ)Bearish change0.3%0.2%
Gross Domestic Product s.a. (YoY)(no change)0.6%0.6%
Industrial Production n.s.a. w.d.a. (YoY)Bearish change-3.7%-5.3%
Industrial Production s.a. (MoM)Bearish change1.7%-2.4%
Trade Balance s.a.Bearish change€20.4B€16.8B
Retail Sales (MoM)Bullish change-0.4%0.1%
Retail Sales (YoY)Bullish change-0.4%-0.1%
Factory Orders n.s.a. (YoY)Bullish change-11.2%3.7%
Factory Orders s.a. (MoM)Bearish change4.6%2.9%
Producer Price Index (MoM)Bullish change0.6%0.8%
Producer Price Index (YoY)Bullish change-3.3%-2.1%
HCOB Composite PMIBearish change51.251
HCOB Composite PMIBearish change48.548.4
HCOB Services PMIBearish change51.451.2
HCOB Services PMIBullish change53.954.6
Gross Domestic Product (QoQ)(no change)0.2%0.2%
Gross Domestic Product (YoY)(no change)0.9%0.9%
HCOB Manufacturing PMIBullish change42.142.4
HCOB Manufacturing PMIBullish change47.449.4
HCOB Manufacturing PMIBearish change5150.5
Core Harmonized Index of Consumer Prices (MoM)Bullish change-0.2%0.3%
Core Harmonized Index of Consumer Prices (YoY)Bearish change2.9%2.8%
Harmonized Index of Consumer Prices (MoM)Bullish change0%0.2%
Harmonized Index of Consumer Prices (YoY)Bearish change2.6%2.2%
Consumer Price Index (EU Norm) (YoY)Bearish change1.6%1.3%
Consumer Price Index (YoY)Bearish change1.3%1.1%
Unemployment ChangeBullish change18K2K
Unemployment Rate s.a.(no change)6%6%
Consumer Price Index (EU norm) (YoY)Bearish change2.7%2.2%
Consumer Price Index (MoM)Bearish change0.3%-0.1%
Consumer Price Index (YoY)Bearish change2.3%1.9%
Harmonized Index of Consumer Prices (MoM)Bearish change0.5%-0.2%
Harmonized Index of Consumer Prices (YoY)Bearish change2.6%2%
Business ClimateBearish change-0.61-0.62
Consumer ConfidenceBearish change-13.4-13.5
Economic Sentiment IndicatorBullish change9696.6
Harmonized Index of Consumer Prices (YoY)Bearish change2.9%2.4%
Gross Domestic Product (QoQ)(no change)-0.1%-0.1%
Gross Domestic Product (YoY)Bullish change-0.1%0%
Gross Domestic Product w.d.a (YoY)(no change)0.3%0.3%
GfK Consumer Confidence SurveyBearish change-18.6-22
IFO – Business ClimateBearish change8786.6
IFO – Current AssessmentBearish change87.186.5
IFO – ExpectationsBearish change8786.8

About Unemployment Rate

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