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CliQ INDIA > International > Foreign > Euro area unemployment at 6.4%
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Euro area unemployment at 6.4%

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Overview

In August 2024, the euro area seasonally-adjusted unemployment rate was 6.4%, stable compared with July 2024 and down from 6.6% in August 2023. The EU unemployment rate was 5.9% in August 2024, down from 6.0% in July 2024 as well as in August 2023. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 13.027 million persons in the EU, of whom 10.925 million in the euro area, were unemployed in August 2024.

  • Compared with July 2024, unemployment decreased by 108 thousand in the EU and by 94 thousand in the euro area.

  • Compared with August 2023, unemployment decreased by 142 thousand in the EU and by 233 thousand in the euro area.

Youth unemployment

In August 2024, 2.766 million young persons (under 25) were unemployed in the EU, of whom 2.231 million were in the euro area. In August 2024, the youth unemployment rate was 14.3% in the EU, down from 14.5% in July 2024, and 14.1% in the euro area, down from 14.2% in the previous month.

  • Compared with July 2024, youth unemployment decreased by 50 thousand in the EU and by 31 thousand in the euro area.

  • Compared with August 2023, youth unemployment decreased by 102 thousand in the EU, and by 128 thousand in the euro area.

   Youth unemployment rates 

Unemployment by sex

In August 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 July 2024. In the euro area, the unemployment rate for women was 6.6%, stable compared with the previous month, and the unemployment rate for men was 6.1%, down from 6.2% in July 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

Aug

May

Jun

Jul

Aug

Aug

May

Jun

Jul

Aug

6.6

6.5

6.5

6.4

6.4

11 158

11 117

11 108

11 019

10 925

6.0

6.0

6.0

6.0

5.9

13 169

13 199

13 194

13 135

13 027

5.3

5.6

5.5

5.4

5.4

281

298

292

288

287

4.5

4.0

4.0

4.0

4.0

136

122

122

122

122

2.6

2.7

2.7

2.7

2.6

134

140

140

138

136

4.2

6.1

6.2

5.8

5.8

130

198

201

191

191

3.0

3.5

3.5

3.5

3.5

1 343

1 541

1 558

1 568

1 571

7.5

7.4

7.4

7.8

7.9

56

57

56

59

61

4.3

4.4

4.4

4.7

4.3

121

125

127

134

125

11.4

10.4

9.4

9.9

9.5

535

493

444

462

444

12.0

11.6

11.5

11.4

11.3

2 900

2 838

2 827

2 814

2 784

7.4

7.5

7.5

7.5

7.5

2 275

2 332

2 347

2 342

2 346

6.1

5.1

5.0

5.0

4.9

105

89

88

87

85

7.6

6.8

6.8

6.4

6.2

1 943

1 734

1 745

1 634

1 588

5.6

4.8

5.1

5.4

5.4

29

24

26

28

28

6.6

7.0

6.9

6.9

7.0

62

66

65

65

66

7.0

7.4

7.2

8.0

7.9

108

115

115

124

127

5.3

5.8

5.8

5.8

5.9

18

20

20

20

20

4.1

4.3

4.3

4.3

4.3

199

211

211

213

214

3.7

3.2

3.1

2.9

3.0

12

11

10

10

10

3.6

3.6

3.6

3.6

3.7

364

367

370

371

374

5.4

5.1

5.2

5.0

5.3

255

241

248

238

249

2.8

2.9

2.9

2.9

2.9

498

507

511

510

514

6.4

6.4

6.5

6.5

6.4

342

347

349

349

348

5.5

5.3

5.1

5.4

5.5

450

440

431

451

452

3.8

3.5

3.5

3.3

3.3

38

36

35

34

34

5.9

5.4

5.3

5.3

5.3

162

149

147

147

146

7.4

8.3

8.3

8.4

8.3

210

236

238

238

237

7.8

8.3

8.4

8.4

8.4

444

478

479

479

480

3.6

3.2

3.1

3.1

:

8

8

8

7

:

3.6

4.0

4.0

4.0

4.0

107

120

120

120

120

4.1

4.3

4.2

:

:

208

217

215

:

:

3.8

4.0

4.1

4.3

4.2

6 288

6 614

6 807

7 104

7 070

Seasonally adjusted youth (under 25s) unemployment

Rates (%)

Number of persons (in thousands)

2023

2024

2023

2024

Aug

May

Jun

Jul

Aug

Aug

May

Jun

Jul

Aug

14.8

14.6

14.4

14.2

14.1

2 359

2 331

2 290

2 262

2 231

14.8

14.8

14.6

14.5

14.3

2 868

2 869

2 832

2 816

2 766

17.5

16.8

16.8

:

:

75

70

70

:

:

13.7

12.0

11.7

11.7

11.0

17

14

14

14

13

9.2

9.8

10.7

10.9

10.6

25

27

30

34

32

11.4

13.7

14.7

13.6

15.0

49

67

76

66

75

5.7

6.8

6.8

6.9

6.8

258

314

315

315

313

20.7

22.8

23.0

21.7

22.7

12

15

15

14

15

10.9

10.0

10.2

11.5

10.7

39

36

37

42

39

28.3

26.9

22.1

19.7

19.4

72

72

54

48

50

28.1

26.5

25.8

25.4

24.7

490

473

463

459

446

17.8

17.6

17.6

17.3

17.2

607

597

597

587

584

18.6

16.7

16.7

:

:

23

21

21

:

:

23.9

20.8

20.7

20.1

18.3

362

304

302

295

267

16.8

15.6

15.6

:

:

6

5

5

:

:

12.2

17.2

17.4

16.4

16.5

8

11

11

10

10

14.1

20.1

21.4

19.0

20.5

14

22

23

20

22

18.4

20.5

20.3

20.3

20.4

5

5

5

5

5

12.8

13.4

13.0

14.9

15.2

39

43

41

47

48

8.8

8.5

8.6

8.5

8.9

3

3

3

2

2

8.7

8.4

8.6

8.6

8.9

157

154

157

156

159

10.6

9.9

9.6

9.8

13.1

57

50

51

51

69

11.0

10.3

10.2

10.1

10.2

122

113

111

109

110

21.2

22.6

20.9

20.7

19.0

81

83

76

75

69

21.3

23.2

23.2

:

:

102

114

114

:

:

11.5

10.2

10.2

:

:

8

7

7

:

:

20.6

21.3

21.0

21.0

20.9

29

30

30

30

30

16.9

18.0

17.9

17.9

17.9

55

59

58

58

59

21.9

24.0

23.9

23.8

23.8

149

164

164

164

164

8.5

8.5

8.6

8.6

:

3

3

3

3

:

12.0

12.6

12.0

11.5

11.3

52

55

53

50

49

8.6

7.4

6.8

:

:

51

45

41

:

:

Seasonally adjusted unemployment rates (%), by sex

Males

Females

2023

2024

2023

2024

Aug

May

Jun

Jul

Aug

Aug

May

Jun

Jul

Aug

6.2

6.2

6.2

6.2

6.1

6.9

6.8

6.7

6.6

6.6

5.8

5.8

5.8

5.8

5.7

6.4

6.2

6.2

6.1

6.1

5.8

5.9

5.8

5.8

5.8

4.8

5.1

5.1

5.0

4.9

4.7

4.1

4.2

4.2

4.3

4.3

3.8

3.8

3.8

3.7

2.3

2.5

2.4

2.3

2.1

3.0

3.0

3.1

3.1

3.2

3.5

5.4

5.6

5.2

5.5

5.0

6.8

6.8

6.6

6.2

3.3

3.8

3.8

3.8

3.9

2.8

3.1

3.2

3.2

3.2

7.3

7.3

7.4

7.9

8.2

7.8

7.5

7.3

7.7

7.6

4.5

4.3

4.4

4.6

4.3

4.2

4.4

4.4

4.7

4.3

8.6

8.0

7.6

7.9

7.7

15.1

13.4

11.7

12.4

11.6

10.5

10.3

10.2

10.1

10.0

13.6

13.1

13.0

12.9

12.8

7.4

7.4

7.5

7.4

7.4

7.3

7.5

7.5

7.5

7.5

5.5

4.7

4.8

4.8

4.7

6.7

5.5

5.3

5.2

5.0

6.8

6.1

6.2

6.1

5.9

8.7

7.6

7.6

6.7

6.6

5.9

4.3

4.5

4.6

4.5

5.3

5.4

5.8

6.2

6.3

7.8

7.9

8.1

8.3

8.6

5.4

6.0

5.8

5.5

5.4

7.7

8.4

8.3

8.4

8.3

6.3

6.4

6.0

7.6

7.5

5.0

5.9

5.9

5.9

5.9

5.6

5.7

5.7

5.7

5.8

4.0

4.3

4.2

4.3

4.4

4.1

4.2

4.3

4.2

4.2

3.9

3.5

3.3

3.2

3.2

3.4

2.9

2.6

2.6

2.7

3.5

3.5

3.5

3.5

3.5

3.7

3.7

3.8

3.8

3.9

5.7

5.8

5.7

5.7

5.9

5.0

4.4

4.7

4.3

4.6

2.8

2.9

2.9

2.9

2.9

2.9

2.8

2.8

2.8

2.9

5.9

5.9

6.2

6.3

6.2

6.8

6.9

6.7

6.6

6.6

5.9

5.5

5.5

5.7

5.8

5.1

4.9

4.6

5.1

5.1

3.5

3.5

3.5

3.3

3.3

4.0

3.6

3.5

3.4

3.3

5.7

4.9

4.8

4.7

4.7

6.1

6.0

5.9

6.0

6.0

8.1

9.3

9.4

9.4

9.4

6.6

7.1

7.2

7.2

7.2

7.6

8.4

8.4

8.4

8.4

8.0

8.3

8.3

8.3

8.4

4.0

3.6

3.6

3.5

:

3.0

2.7

2.6

2.6

:

3.7

4.2

4.3

4.0

4.2

3.5

3.9

3.9

3.6

3.8

3.8

4.0

4.0

:

:

4.5

4.5

4.5

:

:

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 News Release of 30 August 2024, the July 2024 unemployment rate for the EU and the unemployment rate for the euro area remained unchanged. Among EU Member States, the rate has been revised by more than 0.1 percentage points (pp) upwards for Estonia and Portugal (both by 0.3 pp). The rate has not been revised by more than 0.1 percentage points (pp) downwards for any Member States.

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:

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.

For more information

https%3A%2F%2Fec.europa.eu%2Feurostat%2Fproduct%3Fcode%3D3-02102024-ap

Contents
OverviewYouth unemploymentUnemployment by sexAdditional labour market indicatorsTablesNotes for usersRevisions and timetableCountry notesMethods and definitionsGeographical informationFor more information

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