Jobs by JobLookup

Euro area unemployment at 6.3%



 In October 2024, the euro area seasonally-adjusted unemployment rate was 6.3%, stable compared with September 2024 and down from 6.6% in October 2023. The EU unemployment rate was 5.9% in October 2024, also stable compared with September 2024 and down from 6.1% in October 2023. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 12.971 million persons in the EU, of whom 10.841 million in the euro area, were unemployed in October 2024.

  • Compared with September 2024, unemployment decreased by 70 thousand in the EU and by 3 thousand in the euro area.

  • Compared with October 2023, unemployment decreased by 416 thousand in the EU and by 411 thousand in the euro area.

Youth unemployment

In October 2024, 2.995 million young persons (under 25) were unemployed in the EU, of whom 2.427 million were in the euro area. In October 2024, the youth unemployment rate was 15.2% in the EU, down from 15.3% in September 2024, and 15.0% in the euro area, up from 14.9% in the previous month.

  • Compared with September 2024, youth unemployment decreased by 17 thousand in the EU and increased by 35 thousand in the euro area.

  • Compared with October 2023, youth unemployment increased by 61 thousand in the EU and by 22 thousand in the euro area.

   

 

Unemployment by sex

In October 2024, the unemployment rate for women was 6.1% in the EU, stable compared with the previous month, and the unemployment rate for men was 5.7%, down from 5.8% in September 2024. In the euro area, the unemployment rate for women was 6.5%, stable compared with the previous month, and the unemployment rate for men was 6.1%, also stable compared with September 2024.

Additional labour market indicators

The estimates in this News Release are based on the globally used International Labour Organisation (ILO) standard definition of unemployment, which counts as unemployed people without a job who have been actively seeking work in the last four weeks and are available to start work within the next two weeks.

To capture in full the labour market situation, the data on unemployment have been complemented by additional indicators, e.g. underemployed part-time workers, persons seeking work but not immediately available and persons available to work but not seeking, released together with LFS data for the second quarter of 2024.

LFS data for the third quarter of 2024 will be released on 13 December 2024.

Tables

Seasonally adjusted unemployment, totals

Rates (%)

Number of persons (in thousands)

2023

2024

2023

2024

Oct

Jul

Aug

Sep

Oct

Oct

Jul

Aug

Sep

Oct

Euro area

6.6

6.4

6.3

6.3

6.3

11 252

10 957

10 834

10 844

10 841

EU

6.1

6.0

5.9

5.9

5.9

13 387

13 108

12 973

13 041

12 971

Belgium

5.5

5.6

5.7

5.8

5.8

292

300

302

308

311

Bulgaria

4.4

4.1

4.0

4.0

4.0

134

123

122

121

120

Czechia

2.9

2.7

2.7

2.8

2.6

149

139

140

146

136

Denmark

6.2

5.9

5.9

6.6

5.9

200

193

193

216

192

Germany

3.1

3.5

3.4

3.4

3.4

1 380

1 540

1 531

1 518

1 508

Estonia

6.2

7.9

7.7

8.1

8.1

46

60

58

61

61

Ireland

4.5

4.5

4.1

4.1

4.2

127

130

119

120

121

Greece

10.8

9.6

9.5

9.4

9.8

512

452

445

445

467

Spain

11.9

11.4

11.3

11.2

11.2

2 892

2 800

2 766

2 750

2 751

France

7.5

7.5

7.5

7.5

7.6

2 305

2 347

2 338

2 356

2 392

Croatia

5.8

4.9

4.8

4.7

4.6

101

87

85

84

80

Italy

7.8

6.3

6.1

6.0

5.8

1 992

1 610

1 558

1 532

1 473

Cyprus

5.7

4.8

4.7

4.6

4.5

29

25

24

23

23

Latvia

6.8

6.8

6.9

6.8

6.8

64

64

64

64

65

Lithuania

7.3

7.5

7.4

7.5

6.9

114

117

117

118

109

Luxembourg

5.6

6.1

6.1

6.1

6.2

19

21

21

21

21

Hungary

4.2

4.4

4.4

4.5

4.5

206

215

217

220

220

Malta

3.3

2.9

3.0

3.0

3.0

11

10

10

10

10

Netherlands

3.6

3.6

3.7

3.7

3.7

361

370

374

377

376

Austria

5.1

5.2

5.3

5.6

5.6

242

243

252

265

266

Poland

3.0

3.0

3.0

3.1

3.1

535

526

536

541

544

Portugal

6.7

6.5

6.4

6.6

6.6

360

350

346

358

358

Romania

5.6

5.6

5.6

5.6

5.4

454

463

456

458

441

Slovenia

3.5

4.0

4.2

4.5

4.9

36

41

43

47

51

Slovakia

5.7

5.3

5.3

5.2

5.3

156

146

145

144

145

Finland

7.5

8.5

8.5

8.5

8.5

212

241

240

241

242

Sweden

8.0

8.4

8.4

8.5

8.5

456

482

483

485

486

Iceland

3.6

3.3

3.4

3.4

:

8

8

8

8

:

Norway

3.7

4.0

4.0

4.0

4.0

110

121

121

121

121

Switzerland

4.2

4.5

4.6

4.7

:

211

228

234

242

:

United States

3.8

4.3

4.2

4.1

4.1

6 446

7 104

7 070

6 785

6 989

Seasonally adjusted youth (under 25s) unemployment

Rates (%)

Number of persons (in thousands)

2023

2024

2023

2024

Oct

Jul

Aug

Sep

Oct

Oct

Jul

Aug

Sep

Oct

Euro area

15.1

14.9

14.9

14.9

15.0

2 405

2 383

2 384

2 392

2 427

EU

15.1

15.2

15.1

15.3

15.2

2 934

2 982

2 967

3 012

2 995

Belgium

17.1

18.4

18.4

18.4

:

72

80

80

80

:

Bulgaria

13.7

12.4

12.1

11.9

11.9

16

14

13

13

13

Czechia

7.1

11.2

10.8

12.1

10.4

21

35

32

33

30

Denmark

15.1

13.6

15.1

15.4

14.4

71

66

74

79

70

Germany

5.9

6.7

6.6

6.5

6.5

269

306

304

301

297

Estonia

18.0

23.4

20.8

19.3

19.1

10

15

13

11

11

Ireland

11.1

10.8

10.0

10.4

10.6

40

40

37

40

41

Greece

29.1

20.3

17.6

16.1

23.3

84

50

45

36

59

Spain

28.9

26.8

26.6

26.6

26.7

499

489

487

489

497

France

17.4

19.6

20.1

20.5

20.8

589

668

689

702

714

Croatia

17.9

15.9

15.9

15.9

:

22

19

19

19

:

Italy

24.9

20.8

19.0

18.9

17.7

386

299

273

270

251

Cyprus

17.0

12.0

12.0

12.0

:

6

4

4

4

:

Latvia

15.1

13.2

12.7

12.8

13.8

10

8

8

8

9

Lithuania

15.7

21.4

20.8

20.5

18.5

16

23

22

22

20

Luxembourg

20.1

22.6

22.7

22.7

23.2

5

6

6

6

6

Hungary

14.1

15.7

16.2

17.1

16.8

43

49

51

54

53

Malta

9.0

8.5

8.9

9.3

9.2

3

2

2

3

3

Netherlands

8.4

8.6

8.9

9.0

8.9

151

156

159

161

161

Austria

11.1

9.6

12.6

9.6

11.4

60

50

67

51

60

Poland

11.7

10.8

10.9

10.9

10.8

135

122

126

126

125

Portugal

22.0

20.8

20.1

21.7

21.9

84

75

74

82

84

Romania

22.1

25.3

25.3

25.3

:

106

138

138

138

:

Slovenia

10.3

14.6

14.6

14.6

:

8

11

11

11

:

Slovakia

20.2

18.7

17.7

17.6

17.7

28

27

25

25

25

Finland

17.2

18.1

18.3

18.5

18.6

56

59

60

61

61

Sweden

22.6

24.3

24.3

24.4

24.4

154

165

165

164

164

Iceland

8.7

8.7

8.7

8.7

:

3

3

3

3

:

Norway

11.0

11.6

11.4

12.5

13.3

47

50

50

54

59

Switzerland

8.0

8.2

8.6

9.7

:

47

48

51

57

:

Seasonally adjusted unemployment rates (%), by sex

Males

Females

2023

2024

2023

2024

Oct

Jul

Aug

Sep

Oct

Oct

Jul

Aug

Sep

Oct

Euro area

6.2

6.2

6.1

6.1

6.1

7.0

6.5

6.5

6.5

6.5

EU

5.8

5.8

5.8

5.8

5.7

6.4

6.1

6.1

6.1

6.1

Belgium

5.6

5.9

6.0

6.1

6.1

5.3

5.2

5.2

5.4

5.5

Bulgaria

4.5

4.2

4.2

4.2

4.1

4.3

3.9

3.9

3.9

3.8

Czechia

2.3

2.3

2.2

2.5

2.4

3.6

3.1

3.3

3.3

2.9

Denmark

6.1

5.4

5.7

6.2

5.3

6.4

6.5

6.2

7.0

6.5

Germany

3.3

3.7

3.7

3.6

3.6

2.9

3.2

3.2

3.1

3.1

Estonia

6.0

8.2

7.7

8.3

8.3

6.4

7.7

7.7

7.9

7.9

Ireland

4.4

4.4

4.0

4.0

4.1

4.6

4.6

4.3

4.3

4.3

Greece

8.5

7.5

7.9

7.9

8.2

13.6

12.3

11.5

11.5

11.9

Spain

10.5

10.3

10.2

10.2

10.1

13.6

12.7

12.5

12.4

12.4

France

7.6

7.7

7.7

7.8

7.8

7.4

7.3

7.2

7.2

7.4

Croatia

5.3

4.9

4.8

4.8

4.6

6.4

5.0

4.8

4.7

4.5

Italy

6.8

6.0

5.6

5.5

5.4

9.0

6.7

6.7

6.6

6.3

Cyprus

5.6

4.6

4.6

4.7

4.7

5.7

5.0

4.8

4.5

4.3

Latvia

7.8

8.1

8.3

8.2

8.3

5.9

5.5

5.5

5.4

5.4

Lithuania

8.1

8.3

8.1

8.1

7.8

6.5

6.7

6.6

6.8

6.0

Luxembourg

5.4

6.2

6.3

6.3

6.3

5.8

5.9

6.0

6.0

6.1

Hungary

4.2

4.4

4.5

4.5

4.5

4.2

4.3

4.4

4.5

4.5

Malta

3.5

3.2

3.2

3.3

3.2

3.1

2.6

2.7

2.6

2.6

Netherlands

3.5

3.5

3.5

3.5

3.5

3.6

3.8

3.9

3.9

3.9

Austria

5.6

5.9

6.0

6.0

5.7

4.5

4.4

4.6

5.1

5.6

Poland

2.9

2.8

2.7

2.7

2.7

3.1

3.2

3.4

3.4

3.5

Portugal

6.3

6.3

6.1

6.3

6.3

7.1

6.7

6.6

6.8

6.9

Romania

5.9

6.1

6.0

6.1

5.7

5.1

5.1

5.0

5.0

4.9

Slovenia

3.4

4.0

4.2

4.6

5.0

3.7

4.0

4.2

4.5

4.8

Slovakia

5.5

4.7

4.7

4.6

4.6

5.8

5.9

5.9

5.9

6.0

Finland

8.2

9.5

9.4

9.4

9.4

6.8

7.3

7.4

7.5

7.5

Sweden

7.8

8.3

8.3

8.2

8.2

8.1

8.5

8.6

8.7

8.8

Iceland

3.9

3.6

3.7

3.8

:

3.1

2.9

3.0

3.1

:

Norway

3.8

4.1

4.3

4.3

4.4

3.5

3.6

3.7

3.7

3.7

Switzerland

4.0

4.3

4.5

4.6

:

4.3

4.6

4.7

4.9

:

Notes for users

Revisions and timetable

The data in this News Release can be subject to revisions, caused by updates to the seasonally adjusted series whenever new monthly data are added; the inclusion of the most recent LFS data in the calculation process; update of seasonal adjustment models with complete annual data.

Compared with the rates published in the News Release of 31 October 2024, the September 2024 unemployment rate for the euro area and the unemployment rate for the EU remained unchanged. Among EU Member States, the rate has been revised by more than 0.1 percentage points (pp) downwards for Cyprus and Lithuania (by 0.4 pp each) as well as for Ireland (by 0.2 pp). The rate has been revised by more than 0.1 percentage points (pp) upwards for Slovenia (by 1.1 pp), Estonia (by 0.5 pp), Belgium (by 0.3 pp) as well as for Denmark, Luxembourg, Poland and Portugal (by 0.2 pp each).

Country notes

Germany, the Netherlands, Finland, Sweden as well as Iceland and Norway: the trend component is used instead of the more volatile seasonally adjusted data.

Estonia and Portugal: 3-month moving averages of LFS data are used instead of pure monthly indicators.

Methods and definitions

Eurostat publishes harmonised unemployment rates for individual EU Member States, the euro area and the EU. These unemployment rates are based on the definition recommended by the International Labour Organisation (ILO). The measurement is based on a harmonised data source, the European Union Labour Force Survey (LFS).

Based on the ILO definition, Eurostat defines unemployed persons as persons aged 15 to 74 who:

  • are without work;

  • are available to start work within the next two weeks;

  • and have actively sought employment at some time during the previous four weeks.

The unemployment rate is the number of people unemployed as a percentage of the labour force.

The labour force is the total number of people employed plus unemployed. In this news release, unemployment rates are based on employment and unemployment data covering persons aged 15 to 74.

The youth unemployment rate is the number of people aged 15 to 24 unemployed as a percentage of the labour force of the same age. Therefore, the youth unemployment rate should not be interpreted as the share of jobless people in the overall youth population.

When data for the most recent month are not available for a Member State, EU and EA aggregates are calculated using the latest data available for that Member State.

Geographical information

Euro area (EA20): Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

European Union (EU27): Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.

Post a Comment

Previous Post Next Post