Euro Area Unemployment Rate

The unemployment rate in the Euro Area remained at a record low of 6.3% in November 2024, unchanged from October and in line with market expectations. The number of unemployed individuals fell by 39 thousand from the prior month to 10.819 million. The youth unemployment rate, reflecting those under 25 seeking employment, stood at 15% in November, the highest since October 2023, matching October's rate. Among the major Euro Area economies, Spain still showed the highest unemployment rate at 11.2%, followed by France at 7.7% and Italy at 5.7%. Conversely, Germany registered the lowest rate at 3.4%. A year earlier, the jobless rate was higher at 6.5%.