Euro area unemployment at 6.5%


Overview

In February 2024, the euro area seasonally-adjusted unemployment rate was 6.5%, stable compared with January 2024 and down from 6.6% in February 2023. The EU unemployment rate was 6.0% in February 2024, also stable compared with January 2024 and compared with February 2023. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 13.249 million persons in the EU, of whom 11.102 million in the euro area, were unemployed in February 2024.

  • Compared with January 2024, unemployment decreased by 13 thousand in the EU and increased by 17 thousand in the euro area.

  • Compared with February 2023, unemployment increased by 156 thousand in the EU and decreased by 30 thousand in the euro area.

Unemployment rates

Youth unemployment

In February 2024, 2.899 million young persons (under 25) were unemployed in the EU, of whom 2.319 million were in the euro area. In February 2024, the youth unemployment rate was 14.8% in the EU, down from 14.9% in January 2024, and 14.6% in the euro area, stable compared to the previous month.

  • Compared with January 2024, youth unemployment decreased by 13 thousand in the EU and by 4 thousand in the euro area.

  • Compared with February 2023, youth unemployment increased by 174 thousand in the EU and by 91 thousand in the
    euro area.

Youth unemployment rates

Unemployment by sex

In February 2024, the unemployment rate for women was 6.4% in the EU, stable compared with January 2024, and the unemployment rate for men was 5.7%, down from 5.8% in the previous month. In the euro area, the unemployment rate for women was 6.9% and the unemployment rate for men was 6.1%, both stable compared with January 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 fourth quarter of 2023.

LFS data for the first quarter of 2024 will be released on 14 June 2024.

Tables

Seasonally adjusted unemployment, totals

Rates (%)

Number of persons (in thousands)

2023

2024

2023

2024

Feb

Nov

Dec

Jan

Feb

Feb

Nov

Dec

Jan

Feb

6.6

6.5

6.5

6.5

6.5

11 132

11 129

11 094

11 085

11 102

6.0

6.1

6.0

6.0

6.0

13 093

13 239

13 244

13 262

13 249

5.6

5.5

5.6

5.5

5.5

300

295

298

297

298

4.1

4.4

4.3

4.4

4.4

127

133

132

133

134

2.5

2.5

2.8

3.0

2.6

129

129

144

154

137

5.2

6.1

6.3

6.6

6.6

164

196

203

214

217

2.9

3.1

3.1

3.2

3.2

1 299

1 380

1 393

1 403

1 408

5.1

6.4

7.0

7.5

7.7

37

48

52

56

57

4.1

4.4

4.5

4.5

4.2

113

125

126

129

119

11.2

10.8

10.5

10.6

11.0

525

500

499

506

524

12.9

11.8

11.7

11.6

11.5

3 040

2 836

2 819

2 796

2 771

7.1

7.5

7.6

7.5

7.4

2 171

2 328

2 339

2 326

2 304

6.3

6.2

6.1

6.0

6.0

108

105

104

103

101

7.8

7.5

7.3

7.3

7.5

1 975

1 928

1 865

1 866

1 912

6.4

6.0

6.2

6.6

6.4

31

29

31

33

32

6.1

6.9

7.0

6.9

6.9

57

66

66

65

65

7.1

7.2

7.0

7.7

7.4

107

113

109

118

116

4.9

5.6

5.5

5.6

5.6

16

19

19

19

19

3.8

4.2

4.3

4.3

4.4

187

207

210

215

218

3.5

2.9

2.9

3.1

3.2

11

9

9

10

10

3.5

3.5

3.6

3.6

3.7

356

357

361

368

379

5.0

5.0

5.4

4.9

4.7

234

234

253

233

224

2.7

3.0

3.0

2.9

2.9

474

543

537

523

517

6.9

6.6

6.5

6.6

6.7

364

348

347

352

359

5.5

5.5

5.6

5.7

5.6

445

449

459

472

466

3.6

3.5

3.3

3.2

3.1

37

36

35

34

33

6.0

5.6

5.6

5.5

5.5

166

155

154

154

152

6.9

7.5

7.5

7.6

7.6

196

213

215

216

216

7.3

8.0

8.1

8.1

8.1

417

458

461

463

465

5.1

2.8

3.8

:

:

11

6

8

:

:

3.5

3.8

3.8

3.9

:

102

113

115

117

:

4.2

4.1

4.1

:

:

207

209

208

:

:

3.6

3.7

3.7

3.7

3.9

6 072

6 289

6 339

6 202

6 556

Seasonally adjusted youth (under 25s) unemployment

Rates (%)

Number of persons (in thousands)

2023

2024

2023

2024

Feb

Nov

Dec

Jan

Feb

Feb

Nov

Dec

Jan

Feb

14.1

14.6

14.6

14.6

14.6

2 228

2 321

2 325

2 323

2 319

14.1

14.8

14.9

14.9

14.8

2 725

2 852

2 915

2 912

2 899

15.0

17.1

17.1

:

:

64

74

74

:

:

9.2

13.8

14.3

15.5

16.2

13

16

16

18

19

7.4

6.3

8.4

8.1

7.9

20

17

23

24

22

10.3

13.4

14.0

13.1

15.1

47

67

69

62

76

5.8

5.8

5.8

5.8

5.8

267

260

261

261

261

11.7

20.1

18.3

17.8

18.0

6

11

10

10

10

9.9

10.9

11.3

11.7

10.5

35

40

42

45

40

27.6

31.1

25.5

22.5

25.0

73

75

70

54

61

30.0

28.9

28.8

28.7

28.2

492

499

501

504

500

16.8

17.4

17.3

17.3

17.2

553

590

588

589

590

18.8

18.5

18.5

:

:

23

22

22

:

:

21.9

22.2

21.9

22.1

22.8

340

332

340

337

343

15.7

18.1

18.1

:

:

7

7

7

:

:

13.2

14.7

14.6

13.9

13.4

9

10

9

9

8

13.0

16.3

16.2

16.6

16.6

12

16

16

17

17

17.3

20.4

19.8

20.0

20.0

4

5

5

5

5

10.9

13.9

14.1

14.4

15.2

33

43

44

45

47

11.0

8.9

8.5

9.5

9.3

3

2

2

3

3

7.8

8.2

8.1

8.2

8.7

140

148

148

149

158

9.8

9.4

11.2

10.1

9.7

54

48

60

52

49

10.6

12.2

12.3

12.1

12.0

121

144

146

145

144

18.9

23.1

22.8

23.8

23.1

71

89

88

93

89

22.0

22.1

22.1

:

:

105

106

106

:

:

7.0

10.6

10.6

:

:

5

8

8

:

:

18.6

19.7

19.3

19.0

18.8

27

27

27

26

26

15.5

16.8

16.9

16.9

17.0

51

54

54

54

54

21.4

22.7

22.9

23.1

23.2

146

154

155

156

156

14.2

5.9

9.8

:

:

4

2

3

:

:

9.4

11.4

11.3

12.5

:

39

50

46

54

:

8.5

8.3

8.1

:

:

50

49

49

:

:

Seasonally adjusted unemployment rates (%), by gender

Males

Females

2023

2024

2023

2024

Feb

Nov

Dec

Jan

Feb

Feb

Nov

Dec

Jan

Feb

6.2

6.2

6.2

6.1

6.1

7.0

6.9

6.9

6.9

6.9

5.7

5.8

5.8

5.8

5.7

6.3

6.4

6.4

6.4

6.4

6.2

5.6

5.6

5.6

5.6

4.9

5.4

5.5

5.4

5.4

4.2

4.4

4.4

4.4

4.5

3.9

4.3

4.3

4.3

4.3

2.1

2.1

2.4

2.4

2.2

2.9

3.0

3.2

3.6

3.2

5.5

5.6

6.1

6.6

6.7

4.8

6.6

6.5

6.5

6.4

3.1

3.3

3.3

3.3

3.4

2.7

2.9

2.9

3.0

3.0

5.3

6.2

6.7

7.2

7.5

5.0

6.7

7.3

7.8

7.8

4.3

4.3

4.3

4.3

3.9

3.9

4.7

4.7

4.8

4.5

8.0

8.7

8.2

8.1

8.4

15.2

13.4

13.3

13.6

14.2

11.2

10.3

10.3

10.1

10.0

14.7

13.4

13.3

13.2

13.0

7.4

7.6

7.7

7.6

7.4

6.8

7.4

7.4

7.5

7.5

5.6

5.6

5.5

5.4

5.2

7.0

6.9

6.8

6.8

6.8

7.0

6.7

6.5

6.5

6.5

8.9

8.6

8.4

8.4

8.7

5.8

6.2

6.4

6.9

6.7

7.0

5.8

6.0

6.3

6.1

7.0

7.8

7.9

7.9

7.9

5.2

6.1

6.1

5.9

5.9

7.2

7.9

7.5

8.7

8.4

7.0

6.5

6.4

6.7

6.3

4.8

5.5

5.4

5.6

5.6

5.1

5.8

5.7

5.7

5.7

3.8

4.2

4.2

4.4

4.4

3.8

4.2

4.3

4.3

4.4

3.8

2.9

2.9

3.1

3.2

3.0

2.9

2.9

3.1

3.1

3.3

3.5

3.5

3.5

3.6

3.8

3.6

3.6

3.8

3.9

5.0

5.5

5.5

5.3

5.1

4.9

4.4

5.2

4.5

4.3

2.7

2.9

2.8

2.8

2.8

2.6

3.2

3.2

3.0

3.0

6.6

6.3

6.3

6.1

6.1

7.2

6.8

6.8

7.1

7.3

5.7

5.8

6.3

6.3

6.0

5.2

5.1

4.7

5.0

5.2

3.5

3.4

3.2

3.1

3.0

3.7

3.7

3.5

3.4

3.3

6.0

5.5

5.4

5.4

5.3

6.1

5.8

5.7

5.7

5.6

7.5

8.2

8.3

8.3

8.3

6.4

6.7

6.7

6.8

6.8

7.2

7.9

8.0

8.1

8.1

7.5

8.2

8.2

8.2

8.1

6.7

2.9

3.2

:

:

3.2

2.7

4.5

:

:

3.9

4.0

3.7

4.7

: