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Job Report in Europe, June 2018 – Unemployment at 8.3%, down from 9.0% in June 2017 in EA19, but still 3.415 million young persons unemployed

The euro area (EA19) seasonally-adjusted unemployment rate was 8.3% in June 2018, stable compared with May 2018 and down from 9.0% in June 2017. This remains the lowest rate recorded in the euro area since December 2008. The EU28 unemployment rate was 6.9% in June 2018, also stable compared with May 2018 and down from 7.6% in June 2017. This is the lowest rate recorded in the EU28 since May 2008. These figures are published by Eurostat, the statistical office of the European Union.

Youth unemployment

In June 2018, 3.415 million young persons (under 25) were unemployed in the EU28, of whom 2.412 million were in the euro area. Compared with June 2017, youth unemployment decreased by 386 000 in the EU28 and by 266 000 in the euro area. In June 2018, the youth unemployment rate was 15.2% in the EU28 and 16.9% in the euro area, compared with 16.8% and 18.9% respectively in June 2017. In June 2018, the lowest rates were observed in Malta (5.5%), Germany (6.2%) and the Netherlands (7.2%), while the highest were recorded in Greece (42.3% in April 2018), Spain (34.1%) and Italy (32.6%).

Chosen excerpts by Job Market Monitor. Read the whole story at Euro area unemployment at 8.3%

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