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Unemployment in the Euro Area – 10.1% in June 2016, 20.8% for youth

The euro area (EA19) seasonally-adjusted unemployment rate was 10.1% in June 2016, stable compared to May 2016 and down from 11.0% in June 2015. This remains the lowest rate recorded in the euro area since July 2011. The EU28 unemployment rate was 8.6% in June 2016, stable compared to May 2016 and down from 9.5% in June 2015. This remains the lowest rate recorded in the EU28 since March 2009. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 20.986 million men and women in the EU28, of whom 16.269 million were in the euro area, were unemployed in June 2016. Compared with May 2016, the number of persons unemployed decreased by 91 000 in the EU28 and by 37 000 in the euro area. Compared with June 2015, unemployment fell by 2.114 million in the EU28 and by 1.363 million in the euro area.

Youth unemployment

In June 2016, 4.194 million young persons (under 25) were unemployed in the EU28, of whom 2.915 million were in the euro area. Compared with June 2015, youth unemployment decreased by 492 000 in the EU28 and by 248 000 in the euro area. In June 2016, the youth unemployment rate was 18.5% in the EU28 and 20.8% in the euro area, compared with 20.6% and 22.5% respectively in June 2015. In June 2016, the lowest rates were observed in Malta (6.9%) and Germany (7.2%), and the highest in Greece (47.4% in April 2016) and Spain (45.8%).

Capture d’écran 2016-07-31 à 09.35.15

Chosen excerpts by Job Market Monitor. Read the whole story at Euro area unemployment at 10.1%

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