CEO Comité Européen de l‘Outillage 
European Tool Committee 
Europäisches Werkzeugkomittee

May 2018: Euro area unemployment at 8.4%

The euro area (EA19) seasonally-adjusted unemployment rate was 8.4% in May 2018, stable compared with April 2018 and down from 9.2% in May 2017.

This remains the lowest rate recorded in the euro area since December 2008.

The EU28 unemployment rate was 7.0% in May 2018, stable compared with April 2018 and down from 7.7% in May 2017. This is the lowest rate recorded in the EU28 since August 2008.

 

 

17.207 million men and women in the EU28, of whom 13.656 million in the euro area, were unemployed in May 2018. Compared with April 2018, the number of persons unemployed decreased by 154 000 in the EU28 and by 125 000 in the euro area. Compared with May 2017, unemployment fell by 1.828 million in the EU28 and by 1.252 million in the euro area.

 

Among the Member States,

  • Lowest unemployment rates: Czech Republic (2.3%) and Germany (3.4%).
  • Highest unemployment rates: Greece (20.1% in March 2018) and Spain (15.8%).
  • Compared with a year ago, the unemployment rate fell in all Member States.
  • Largest decreases in Cyprus (from 11.4% to 8.4%), Croatia (from 11.3% to 8.9%), Greece (from 22.1% to 20.1% between March 2017 and March 2018) and Portugal (from 9.2% to 7.3%).

 

Further information:

Business investment rate first quarter of 2018

Source: Eurostat, http://ec.europa.eu/eurostat/news/news-releases

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Posted in General Market News, Market Trends & Statistics

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