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

November 2017: Euro area unemployment at 8.7%

The euro area (EA19) seasonally-adjusted unemployment rate was 8.7% in November 2017, down from 8.8% in October 2017 and from 9.8% in November 2016.

This is the lowest rate recorded in the euro area since January 2009.

The EU28 unemployment rate was 7.3% in November 2017, down from 7.4% in October 2017 and from 8.3% in November 2016. This is the lowest rate recorded in the EU28 since October 2008.

 

Compared with October 2017,

  • the number of persons unemployed decreased by 155 000 in the EU28 and by 107 000 in the euro area.
  • Compared with November 2016, unemployment fell by 2.133 million in the EU28 and by 1.561 million in the euro area.
  • Lowest unemployment rates: Czech Republic (2.5%), Malta and Germany (both 3.6%).
  • Highest unemployment rates: Greece (20.5% in September 2017) and Spain (16.7%).

 

 

Compared with a year ago, the unemployment rate

  • fell in all Member States
  • Largest decreases: Greece (from 23.2% to 20.5% between September 2016 and September 2017), Portugal (from 10.5% to 8.2%), Croatia (from 12.5% to 10.4%) and Cyprus (from 13.1% to 11.0%).

 

Further information:

Euro Area Unemployment November 2018

 

Source: Eurostat, http://ec.europa.eu/eurostat

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Posted in General Market News, Market Trends & Statistics

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