Analytics, Employment, EU – Baltic States, Labour-market, Statistics
International Internet Magazine. Baltic States news & analytics
Friday, 26.04.2024, 20:23
Euro area unemployment at 8.3%, EU28 – at 6.9%
Eurostat estimates that 17.105 mln men and women in the
EU28, of whom 13.570 mln in the euro area, were unemployed in June 2018.
Compared with May 2018, the number of persons unemployed increased by 4 000 in
the EU28 and by 14 000 in the euro area. Compared with June 2017, unemployment
fell by 1.657 mln in the EU28 and by 1.146 mln in the euro area.
Member States
Among the
Member States, the lowest unemployment rates in June 2018 were recorded in the
Czech Republic (2.4%) and Germany (3.4%). The highest unemployment rates were
observed in Greece (20.2% in April 2018) and Spain (15.2%).
Compared
with a year ago, the unemployment rate fell in all Member States. The largest
decreases were registered in Cyprus (from 11.0% to 8.2%), Portugal (from 9.1%
to 6.7%), Croatia (from 11.1% to 9.2%), Estonia (from 6.8% to 4.9% between May
2017 and May 2018) and Spain (from 17.0% to 15.2%).
In June
2018, the unemployment rate in the United States was 4.0%, up from 3.8% in May
2018 and down from 4.3% in June 2017.
Youth unemployment
In June
2018, 3.415 mln young persons (under 25) were unemployed in the EU28, of whom
2.412 mln were in the euro area. Compared with June 2017, youth unemployment
decreased by 386 000 in the EU28 and by 266 000 in the euro area. In June 2018,
the youth unemployment rate was 15.2% in the EU28 and 16.9% in the euro area,
compared with 16.8% and 18.9% respectively in June 2017. In June 2018, the
lowest rates were observed in Malta (5.5%), Germany (6.2%) and the Netherlands
(7.2%), while the highest were recorded in Greece (42.3% in April 2018), Spain
(34.1%) and Italy (32.6%).