FX.co ★ Euro Area Jobless Rate Slightly Above Forecasts

In October 2025, the seasonally adjusted unemployment rate in the Euro Area held steady at 6.4%, mirroring the revised figure from September, and was marginally above the anticipated 6.3% by market analysts. There was a reduction of 13,000 in the number of unemployed individuals compared to the previous month, bringing the total to 11.033 million. At the same time, the youth unemployment rate, which tracks job seekers under the age of 25, was consistent at 14.8% in October, matching the revised September rate. Among the major economies in the bloc, Spain reported the highest unemployment rate at 10.5%, followed by France at 7.7% and Italy at 6%. In contrast, Germany and the Netherlands experienced the lowest unemployment rates, at 3.8% and 4%, respectively. The jobless rate was slightly lower a year prior, at 6.3%. The unemployment rate in the wider European Union remained unchanged for the sixth consecutive month, holding at 6%.