In February 2025, the unemployment rate in the Eurozone fell to 6.1%, marking a decrease from 6.5% in February 2024 and 6.2% in January 2025.

This decline represents the lowest unemployment rate since the Euro's introduction in 1999, with analysts projecting stability around 6.2% moving forward.

Despite the drop in unemployment, the Eurozone economy continues to face challenges, particularly in the industrial sector, as indicated by the S&P Global Purchasing Managers' Index, which remains below the growth threshold.

Economists are cautiously optimistic about a potential economic recovery in the Eurozone, as the Purchasing Managers' Index has shown slight improvements for three consecutive months.

Significant disparities in unemployment rates persist among Eurozone countries, with Poland boasting the lowest rate at 2.6%, while Spain has the highest at 10.4%.

Other countries with high unemployment rates include Sweden at 9.0% and Greece at 8.6%, contrasting sharply with the lowest rates observed in Bulgaria, Poland, and Romania, each at 0.7%.

Germany's unemployment rate remains at 3.5%, one of the lowest in the Eurozone, although it has been on the rise for the past two years.

The Federal Employment Agency reported that as of March 2025, there were approximately 2.967 million unemployed individuals in Germany, reflecting a slight decrease from February but an increase compared to the previous year.

It's important to note that Eurostat's unemployment calculation method differs from that of Germany's Federal Employment Agency, leading to lower reported figures for Germany.

In the European Union, the job vacancy rate stood at 2.3% for the fourth quarter of 2024, consistent with the previous quarter and down from 2.6% year-on-year.

The largest increases in job vacancies were observed in Denmark, Spain, Croatia, and Malta, each rising by 0.1 percentage points.

The highest job vacancy rates in Q4 2024 were recorded in Belgium and the Netherlands, both at 4.1%, followed by Austria at 3.6%.