Report

Unemployment in Europe, February 2018 – 8.5% with 17.7% for under 25

The euro area (EA19) seasonally-adjusted unemployment rate was 8.5% in February 2018, down from 8.6% in January 2018 and from 9.5% in February 2017. This is the lowest rate recorded in the euro area since December 2008. The EU28 unemployment rate was 7.1% in February 2018, down from 7.2% in January 2018 and from 8.0% in February 2017. This is the lowest rate recorded in the EU28 since September 2008. These figures are published by Eurostat, the statistical office of the European Union.

Youth unemployment

In February 2018, 3.589 million young persons (under 25) were unemployed in the EU28, of whom 2.520 million were in the euro area. Compared with February 2017, youth unemployment decreased by 314 000 in the EU28 and by 213 000 in the euro area. In February 2018, the youth unemployment rate was 15.9% in the EU28 and 17.7% in the euro area, compared with 17.3% and 19.4% respectively in February 2017. In February 2018, the lowest rates were observed in Germany (6.2%), the Netherlands (7.2%) and the Czech Republic (7.5%), while the highest were recorded in Greece (45.0% in December 2017), Spain (35.5%) and Italy (32.8%).

Chosen excerpts by Job Market Monitor. Read the whole story at Euro area unemployment at 8.5%

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