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Job Report in Europe, June 2018 – Euro area unemployment at 8.2% EU28 at 6.8% with 3.325 million young persons

The euro area (EA19) seasonally-adjusted unemployment rate was 8.2% in July 2018, stable compared with June 2018 and down from 9.1% in July 2017. This is the lowest rate recorded in the euro area since November 2008. The EU28 unemployment rate was 6.8% in July 2018, down from 6.9% in June 2018 and from 7.6% in July 2017. This is the lowest rate recorded in the EU28 since April 2008. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 16.823 million men and women in the EU28, of whom 13.381 million in the euro area, were unemployed in July 2018. Compared with June 2018, the number of persons unemployed decreased by 82 000 in the EU28 and by 73 000 in the euro area. Compared with July 2017, unemployment fell by 1.949 million in the EU28 and by 1.368 million in the euro area.

 

Youth unemployment

In July 2018, 3.325 million young persons (under 25) were unemployed in the EU28, of whom 2.365 million were in the euro area. Compared with July 2017, youth unemployment decreased by 466 000 in the EU28 and by 294 000 in the euro area. In July 2018, the youth unemployment rate was 14.8% in the EU28 and 16.6% in the euro area, compared with 16.8% and 18.7% respectively in July 2017. In July 2018, the lowest rates were observed in Germany (6.1%), Malta (6.3%) and the Czech Republic (6.6%), while the highest were recorded in Greece (39.7% in May 2018), Spain (33.4%) and Italy (30.8%).

Chosen excerpts by Job Market Monitor. Read the whole story at  Euro area unemployment at 8.2%

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