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22/5/2018  
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EMPLOYMENT
EUROSTAT

Euro area unemployment at 8.7%

Unemployment rates in December 2017, seasonally adjusted

he 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.
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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.

Youth unemployment In December 2017, 3.654 million young persons (under 25) were unemployed in the EU28, of whom 2.574 million were in the euro area. Compared with December 2016, youth unemployment decreased by 411 000 in the EU28 and by 301 000 in the euro area. In December 2017, the youth unemployment rate was 16.1% in the EU28 and 17.9% in the euro area, compared with 18.0% and 20.3% respectively in December 2016. In December 2017, the lowest rates were observed in the Czech Republic (4.9%), Germany (6.6%) and Estonia (6.8% in November 2017), while the highest were recorded in Greece (40.8% in October 2017), Spain (36.8%) and Italy (32.2%).

Other issues Employment
New project to tackle youth unemployment in the south Mediterranean region
Euro area unemployment at 8.5% - EU28 at 7.1%
More than 60 per cent of the world´s employed population are in the informal economy
New project to tackle youth unemployment in the south Mediterranean region
Employment rate of people aged 20 to 64 in the EU reached a new peak at 72.2% in 2017
OECD employment rate increases to 68% in the fourth quarter of 2017
Euro area unemployment at 8.5% EU28 at 7.1%
Employment in EU regions in 2016 Employment grew in 8 out of 10 EU regions
Job vacancy rate at 2.0% in both euro area and EU28
EU Commission adopts proposals for a European Labour Authority and for access to social protection

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