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Job Report in Europe, October 2018 – Euro area unemployment at 8.1% with 3.468 million young persons unemployed in the EU28

The euro area (EA19) seasonally-adjusted unemployment rate was 8.1% in October 2018, stable compared with September 2018 and down from 8.8% in October 2017. This remains the lowest rate recorded in the euro area since November 2008. The EU28 unemployment rate was 6.7% in October 2018, stable compared with September 2018 and down from 7.4% in October 2017. This remains 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.

Eurostat estimates that 16.626 million men and women in the EU28, of whom 13.172 million in the euro area, were unemployed in October 2018. Compared with September 2018, the number of persons unemployed decreased by 4 000 in the EU28 and increased by 12 000 in the euro area. Compared with October 2017, unemployment fell by 1.523 million in the EU28 and by 1.121 million in the euro area.

Youth unemployment

In October 2018, 3.468 million young persons (under 25) were unemployed in the EU28, of whom 2.503 million were in the euro area. Compared with October 2017, youth unemployment decreased by 215 000 in the EU28 and by 78 000 in the euro area. In October 2018, the youth unemployment rate was 15.3% in the EU28 and 17.3% in the euro area, compared with 16.3% and 18.1% respectively in October 2017. In October 2018, the lowest rates were observed in Czechia (5.2%), Germany (6.2%) and the Netherlands (7.2%), while the highest were recorded in Greece (36.8% in August 2018), Spain (34.9%) and Italy (32.5%).

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

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