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Wednesday, January 31, 2018

EU Economy - Euro area unemployment at 8.7% ..- Eurostat

Press Release - 22/2018 - 31 January 2018 - December 2017 Euro area unemployment at 8.7% EU28 at 7.3% 


The euro area (EA19) seasonally-adjusted unemployment rate was 8.7% in December 2017, stable compared to November 2017 and down from 9.7% in December 2016. This remains the lowest rate recorded in the euro area since January 2009. 

The EU28 unemployment rate was 7.3% in December 2017, stable compared to November 2017 and down from 8.2% in December 2016. This remains the lowest rate recorded in the EU28 since October 2008. These figures are published by Eurostat, the statistical office of the European Union. 


Eurostat estimates that 17.961 million men and women in the EU28, of whom 14.137 million in the euro area, were unemployed in December 2017. Compared with November 2017, the number of persons unemployed decreased by 165 000 in the EU28 and by 134 000 in the euro area. Compared with December 2016, unemployment fell by 2.066 million in the EU28 and by 1.536 million in the euro area. 

Member States 

Among the Member States, the lowest unemployment rates in December 2017 were recorded in the Czech Republic (2.3%), Malta and Germany (both 3.6%). The highest unemployment rates were observed in Greece (20.7% in October 2017) and Spain (16.4%). 

Compared with a year ago, the unemployment rate fell in all Member States for which data is comparable over time except in Finland where it remained stable. The largest decreases were registered in Greece (from 23.3% to 20.7% between October 2016 and October 2017), Croatia (from 12.5% to 10.0%), Portugal (from 10.2% to 7.8%) and Spain (from 18.5% to 16.4%). 

In December 2017, the unemployment rate in the United States was 4.1%, stable compared to November 2017 and down from 4.7% in December 2016.




page source http://ec.europa.eu/eurostat/