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> Economy

Greece has the highest unemployment rate in Europe

Euro area unemployment rate is at 10.8%

Newsroom October 30 01:04

Eurostat, the statistical office of the European Union, published the unemployment rates for euro area.

The euro area seasonally-adjusted unemployment rate was 10.8% in September 2015, down from 10.9% in August 2015, and from 11.5% in September 2014. This is the lowest rate recorded in the euro area since January 2012. The EU28 unemployment rate was 9.3% in September 2015, down from 9.4% in August 2015, and from 10.1% in September 2014. This is the lowest rate recorded in the EU28 since September 2009. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 22.631 million men and women in the EU28, of whom 17.323 million were in the euro area, were unemployed in September 2015. Compared with August 2015, the number of persons unemployed decreased by 147 000 in the EU28 and by 131 000 in the euro area. Compared with September 2014, unemployment fell by 1.832 million in the EU28 and by 1.194 million in the euro area.

Among the Member States, the lowest unemployment rates in September 2015 were recorded in Germany (4.5%), the Czech Republic (4.8%), Malta (5.1%) and the United Kingdom (5.3% in July 2015), and the highest in Greece (25.0% in July 2015) and Spain (21.6%).

Compared with a year ago, the unemployment rate in September 2015 fell in twenty-three Member States, increased in four and remained stable in Austria. The largest decreases were registered in Spain (from 24.0% to 21.6%), Estonia (from 8.0% to 5.7% between August 2014 and August 2015), Bulgaria (11.3% to 9.4%) and Slovakia (12.9% to 11.0%). The increases were registered in Finland (8.9% to 9.5%), France (10.4% to 10.7%), Romania (6.7% to 6.8%) and Belgium (8.6% to 8.7%).

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In September 2015, the unemployment rate in the United States was 5.1%, stable compared to August 2015 and down from 5.9% in September 2014.

 

Click here to read the full report.

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