Euro Area Unemployment Rate

The unemployment rate in the Euro Area was at 6.3% in September of 2024, holding at its lowest on record, and slightly below market forecasts of 6.4%. The number of unemployed individuals decreased by 13 thousand from the prior month to 10.884 million. The youth unemployment rate, reflecting those under 25 seeking employment, ticked up to 14.4% in September from an upwardly revised 14.3% in the prior month. Among the major Euro Area economies, Spain still showed the highest unemployment rate at 11.2%, followed by France at 7.6% and Italy at 6.1%. In contrast, Germany reported the lowest rate at 3.5%. A year earlier, the jobless rate was higher at 6.6%.