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Unemployment in Europe in October 2016 : 9.8% (Euro Area), 4.169 million young persons (EU28)

The euro area (EA19) seasonally-adjusted unemployment rate was 9.8% in October 2016, down from 9.9% in September 2016 and from 10.6% in October 2015. This is the lowest rate recorded in the euro area since July 2009. The EU28 unemployment rate was 8.3% in October 2016, down from 8.4% in September 2016 and from 9.1% in October 2015. This is the lowest rate recorded in the EU28 since February 2009. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 20.448 million men and women in the EU28, of whom 15.908 million were in the euro area, were unemployed in October 2016. Compared with September 2016, the number of persons unemployed decreased by 190 000 in the EU28 and by 178 000 in the euro area. Compared with October 2015, unemployment fell by 1.782 million in the EU28 and by 1.124 million in the euro area.

capture-decran-2016-12-01-a-08-52-54

Youth unemployment

In October 2016, 4.169 million young persons (under 25) were unemployed in the EU28, of whom 2.939 million were in the euro area. Compared with October 2015, youth unemployment decreased by 350 000 in the EU28 and by 171 000 in the euro area.

Chosen excerpts by Job Market Monitor. Read the whole story at  Euro area unemployment at 9.8%

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