Job Report in Europe, September 2018 – Unemployment at 8.1%, with 3.333 million young persons, still the lowest rate recorded in the euro area since November 2008

The euro area (EA19) seasonally-adjusted unemployment rate was 8.1% in September 2018, stable compared with August 2018 and down from 8.9% in September 2017. This remains the lowest rate recorded in the euro area since November 2008. The EU28 unemployment rate was 6.7% in September 2018, stable compared with August 2018 and down from 7.5% in September 2017. This is the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000. These figures are published by Eurostat, the statistical office of the European Union.

Youth unemployment

In September 2018, 3.333 million young persons (under 25) were unemployed in the EU28, of whom 2.403 million were in the euro area. Compared with September 2017, youth unemployment decreased by 385 000 in the EU28 and by 212 000 in the euro area. In September 2018, the youth unemployment rate was 14.9% in the EU28 and 16.8% in the euro area, compared with 16.5% and 18.3% respectively in September 2017. In September 2018, the lowest rates were observed in Czechia and Germany (both 6.3%) as well as the Netherlands (7.5%), while the highest were recorded in Greece (37.9% in July 2018), Spain (34.3%) and Italy (31.6%).

Chosen excerpts by Job Market Monitor. Read the whole story at  Euro area unemployment at 8.1%