Unemployment Rate Euro-Zone
Reports the cumulative percentage of unemployed individuals in the Euro-zone nations.
A low or falling unemployment rate is associated with increased expenditure, given that more people are employed and have incoming wages. Increased expenditure encourages economic growth, which can spark inflation. The figure acts as a significant indicator of the region economic activity, particularly because it is released earlier than the GDP. However, because unemployment rates for member countries are released well before the aggregate Euro-zone rate, the figure often receives less attention.
Note : The figure is calculated by dividing the number of unemployed individuals in the labor force by the total labor force, yielding a percentage measure. Persons are considered unemployed if they are15 years or older and without a job, but have actively sought employment in the past 4 weeks and are willing and able to work in the next 2 weeks.
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