Euro zone, in May -125 thousand unemployed, rate 8.4%

These are the minimum results in the last 10 years
Euro zone, in May -125 thousand unemployed, rate 8.4%
03 July 09:44 2018 Print This Article

 

 

New decline in unemployed in the euro area: Eurostat certifies that their number has decreased by 125 thousand units in May. The European unemployed stood at 13 million 656 thousand, or 8.4% of the working age population. The unemployment rate therefore fell to the new lows since December 2008. One year earlier, in May 2017, average unemployment in the area stood at 9.2 percent. The highest level is 20.1 percent of Greece, followed by 15.8 percent of Spain. The lowest values are recorded in the Czech Republic (just 2.3% of the unemployed) and in Germany (3.4%). In Italy, unemployment declined 3 decimal points to 10.7% in Italy. However, Italy still recorded the third highest level of youth unemployment (under 25 years), although it dropped to 31.9 percent from 32.8 percent in April. Worse are only Greece (43.2%, again in March) and Spain (33.8%). The lowest values are recorded in Malta (4.8%), Germany (6.1%) and Estonia (6.8%).

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