Unemployment Rate

economic

Updated: 1 Dec, 10:00 am UTC

Deviation

-0.09999999999999964%

Consensus

6.6%

Actual

6.5%

Description

Source: European Monetary Union

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).

Historical Data

Date	Actual	Previous	Deviation	Consensus
Dec 1, 2022	6.50%	6.60%	-0.10	6.60%
Nov 3, 2022	6.70%	6.60%	0.10	6.60%
Sep 30, 2022	6.60%	6.60%	0.00	6.60%
Sep 1, 2022	6.70%	6.60%	0.10	6.60%
Aug 1, 2022	6.60%	6.60%	0.00	6.60%
Jun 30, 2022	6.70%	6.80%	-0.10	6.80%
Jun 1, 2022	6.80%	6.80%	0.00	6.70%
May 3, 2022	6.90%	6.80%	0.10	6.70%