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Unemployment in Europe, December 2018 – 7.9% in euro area and 3.365 million young persons

The euro area (EA19) seasonally-adjusted unemployment rate was 7.9% in December 2018, stable compared with November 2018 and down from 8.6% in December 2017. This remains the lowest rate recorded in the euro area since October 2008. The EU28 unemployment rate was 6.6% in December 2018, stable compared with November 2018 and down from 7.2% in December 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 16.306 million men and women in the EU28, of whom 12.919 million in the euro area, were unemployed in December 2018. Compared with November 2018, the number of persons unemployed decreased by 75 000 in both the EU28 and the euro area. Compared with December 2017, unemployment fell by 1.533 million in the EU28 and by 1.174 million in the euro area.

Youth unemployment

In December 2018, 3.365 million young persons (under 25) were unemployed in the EU28, of whom 2.391 million were in the euro area. Compared with December 2017, youth unemployment decreased by 249 000 in the EU28 and by 141 000 in the euro area. In December 2018, the youth unemployment rate was 14.9% in the EU28 and 16.6% in the euro area, compared with 16.1% and 17.8% respectively in December 2017. In December 2018, the lowest rates were observed in Czechia (5.8%), Germany (6.0%) and the Netherlands (6.6%), while the highest were recorded in Greece (38.5% in October 2018), Spain (32.7%) and Italy (31.9%).

Chosen excerpts by Job Market Monitor. Read the whole story at  Euro area unemployment at 7.9%

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