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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

May 02, 2018
EU AND EURO AREA UNEMPLOYMENT RATE, MARCH 2018

Eurostat has reported that the unemployment rate in the Euro Area in March 2018 was 8.5 per cent, unchanged from February (this includes the 19 countries that use the Euro). For the broader European Union of 28 countries, the unemployment rate was steady at 7.1 per cent this month.  

Among major European economies, the March unemployment rate was highest in Greece (20.6% in January) and Spain (16.1%). Unemployment rates were lowest in the Czech Republic (2.2%), Malta (3.3%), and Germany (3.4%). 

Note: An unemployment person is defined by Eurostat according to the guidelines of the International Labour Organization as individual aged 15 to 74 (in Italy, Spain, the United Kingdom, Iceland, Norway: 16 to 74 years), who is without work, is available to start work within the next two weeks and has actively sought employment at some time during the previous four weeks.  Canadian results from the Labour Force Survey shown above use slightly different age cohorts.

Source:  Eurostat: Unemployment



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