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).

Next event - Tuesday 7 January 2025 10:00

Previous
6.3%
Forecast
6.4%
Actual
-

The typical/expected impact on EUR pairs is medium.

The consensus forecast for Unemployment Rate is 6.4%. A higher value than forecast tends to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.

Most recent - Monday 2 December 2024 10:00

Previous
6.3%
Revised
-
Forecast
6.3%
Actual
6.3%

Trading range

Forecast history

The most recent announced value for Unemployment Rate was 6.3% against a forecast of 6.3%.

Past events

Date
Forecast
Actual
Monday 2 December 2024 10:00
6.3%
6.3%
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%

Economic context

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

PreviousLatest
Consumer Price Index (MoM)Bullish change-0.2%0.4%
Consumer Price Index (YoY)Bullish change2.2%2.6%
Harmonized Index of Consumer Prices (MoM)Bullish change-0.7%0.7%
Harmonized Index of Consumer Prices (YoY)Bullish change2.4%2.9%
Sentix Investor ConfidenceBearish change-17.5-17.7
HCOB Composite PMIBullish change49.549.6
HCOB Composite PMIBullish change47.848
HCOB Services PMIBullish change5151.2
HCOB Services PMIBullish change53.157.3
Unemployment ChangeBearish change7K10K
Unemployment Rate s.a.(no change)6.1%6.1%
HCOB Manufacturing PMI(no change)42.542.5
HCOB Manufacturing PMIBullish change44.546.2
HCOB Manufacturing PMIBullish change53.153.3
Harmonized Index of Consumer Prices (YoY)Bullish change2.4%2.8%

About Unemployment Rate

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