Report

Euro Area Unemployment, May 2018 – At 8.4% with 3.377 million young persons out of work (under 25)

The euro area (EA19) seasonally-adjusted unemployment rate was 8.4% in May 2018, stable compared with April 2018 and down from 9.2% in May 2017. This remains the lowest rate recorded in the euro area since December 2008. The EU28 unemployment rate was 7.0% in May 2018, stable compared with April 2018 and down from 7.7% in May 2017. This is the lowest rate recorded in the EU28 since August 2008. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 17.207 million men and women in the EU28, of whom 13.656 million in the euro area, were unemployed in May 2018. Compared with April 2018, the number of persons unemployed decreased by 154 000 in the EU28 and by 125 000 in the euro area. Compared with May 2017, unemployment fell by 1.828 million in the EU28 and by 1.252 million in the euro area.

Youth unemployment

In May 2018, 3.377 million young persons (under 25) were unemployed in the EU28, of whom 2.390 million were in the euro area. Compared with May 2017, youth unemployment decreased by 519 000 in the EU28 and by 353 000 in the euro area. In May 2018, the youth unemployment rate was 15.1% in the EU28 and 16.8% in the euro area, compared with 17.2% and 19.3% respectively in May 2017. In May 2018, the lowest rates were observed in Malta (4.8%), Germany (6.1%), Estonia (6.8% in April 2018) and the Netherlands (6.9%), while the highest were recorded in Greece (43.2% in March 2018), Spain (33.8%) and Italy (31.9%).

Chosen excerpts by Job Market Monitor. Read the whole story at  Euro area unemployment at 8.4%

 

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