Eurozone Unemployment Unexpectedly Rises to 6.5%

Key Facts

Eurozone unemployment rose to 6.5%, exceeding analyst estimates of 6.4%. The Globe and Mail reported that the jobless rate increased by 0.1 percentage points, signaling a softening in the labor market.

This labor data follows a reported annual GDP growth rate of 1.3% on October 30, 2026, which outperformed the 1.1% forecast. Additionally, the quarterly GDP growth rate reached 0.4% on the same date, while economic sentiment was recorded at 96.9 on October 29, 2026, falling short of the 97.5 estimate.

The Eurozone annual inflation rate is scheduled for release on November 4, 2026, with forecasts projecting a rise to 3.9% from the previous 3.8%.