Euro area unemployment at 8.2%

Euro area unemployment at 8.2%

Euro area unemployment at 8.2%

The FINANCIAL -- The euro area (EA19) seasonally-adjusted unemployment rate was 8.2% in July 2018, stable compared with June 2018 and down from 9.1% in July 2017. This is the lowest rate recorded in the euro area since November 2008.

The EU28 unemployment rate was 6.8% in July 2018, down from 6.9% in June 2018 and from 7.6% in July 2017.

This is the lowest rate recorded in the EU28 since April 2008. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 16.823 million men and women in the EU28, of whom 13.381 million in the euro area, were unemployed in July 2018. Compared with June 2018, the number of persons unemployed decreased by 82 000 in the EU28 and by 73 000 in the euro area. Compared with July 2017, unemployment fell by 1.949 million in the EU28 and by 1.368 million in the euro area.

Member States

Among the Member States, the lowest unemployment rates in July 2018 were recorded in the Czech Republic (2.3%), Germany (3.4%) and Poland (3.5%). The highest unemployment rates were observed in Greece (19.5% in May 2018) and Spain (15.1%).

Compared with a year ago, the unemployment rate fell in all Member States. The largest decreases were registered in Cyprus (from 10.7% to 7.7%), Greece (from 21.7% to 19.5% between May 2017 and May 2018), Portugal (from 8.9% to 6.8%) and Croatia (from 10.9% to 8.8%). In July 2018, the unemployment rate in the United States was 3.9%, down from 4.0% in June 2018 and from 4.3% in July 2017.