FX.co ★ Eurozone Jobless Rate Steady at Over 2-1/2-Year High

The Eurozone’s seasonally adjusted unemployment rate held at 6.5% in September 2026 for the third consecutive month, marking the highest level since February 2024 and slightly exceeding analysts’ expectations of 6.4%. The number of unemployed increased by 122,000 from the previous month, reaching 11.555 million. Youth unemployment also ticked higher, rising to a six-month peak of 15.4% from 15.1% in August, leaving 2.469 million people under the age of 25 out of work.

Among the bloc’s largest economies, Spain (10.3%), France (8.5%), and Italy (6.3%) recorded the highest unemployment rates, while Germany (4.1%) and the Netherlands (4.0%) registered the lowest. A year earlier, the Eurozone jobless rate had been slightly lower at 6.3%. Across the wider European Union, the unemployment rate was unchanged for the fourth straight month at 6.2%.