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Unemployment in Europe, February – 6.5%, lowest rate since 2000, with 3.309 million young persons (7.8% in Euro area)

The euro area (EA19) seasonally-adjusted unemployment rate was 7.8% in February 2019, stable compared with January 2019 and down from 8.5% in February 2018. This remains the lowest rate recorded in the euro area since October 2008. The EU28 unemployment rate was 6.5% in February 2019, stable compared with January 2019 and down from 7.1% in February 2018. 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.

Youth unemployment

In February 2019, 3.309 million young persons (under 25) were unemployed in the EU28, of whom 2.337 million were in the euro area. Compared with February 2018, youth unemployment decreased by 222 000 in the EU28 and by 181 000 in the euro area. In February 2019, the youth unemployment rate was 14.6% in the EU28 and 16.1% in the euro area, compared with 15.7% and 17.7% respectively in February 2018. In February 2019, the lowest rates were observed in Germany (5.6%), Czechia (6.0%) and the Netherlands (6.4%), while the highest were recorded in Greece (39.5% in December 2018), Italy (32.8%) and Spain (32.4%).

Chosen excerpts by Job Market Monitor. Read the whole story at Euro area unemployment at 7.8%

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