The Harmonised Unemployment Rate provides a standardized measure of unemployment across different countries, primarily within the EU and OECD, to ensure international comparability. It represents the number of unemployed persons as a percentage of the total labor force, based on International Labour Organization (ILO) definitions. While it is considered a lagging indicator, it is vital for understanding the spare capacity in the economy and the overall health of the labor market. High rates of harmonised unemployment can signal economic distress and influence government fiscal policies.
Calculated by dividing the number of unemployed individuals (those without work, available for work, and actively seeking work) by the total labor force. The data is collected through national labor force surveys and adjusted to meet harmonized international standards.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Nov 30, 2022 | 3.00 | 3.00 | 0.00 |
| Nov 2, 2022 | 3.00 | 3.00 | 0.00 |
| Sep 30, 2022 | 3.00 | 2.90 | +0.10 |
| Aug 31, 2022 | 2.90 | 2.90 | 0.00 |
| Jul 29, 2022 | 2.80 | 3.00 | -0.20 |
| Jun 30, 2022 | 2.80 | 3.00 | -0.20 |
| May 31, 2022 | 3.00 | 2.90 | +0.10 |
| May 3, 2022 | 2.90 | 3.10 | -0.20 |
| Mar 31, 2022 | 3.10 | — | — |
| Mar 2, 2022 | 3.10 | 3.20 | -0.10 |
| Feb 1, 2022 | 3.20 | 3.20 | 0.00 |
| Jan 4, 2022 | 3.20 | 3.30 | -0.10 |
| Nov 30, 2021 | 3.30 | 3.40 | -0.10 |
| Oct 28, 2021 | 3.40 | 3.60 | -0.20 |
| Sep 30, 2021 | 3.60 | 3.60 | 0.00 |
