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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

July 31, 2018
EU AND EURO AREA UNEMPLOYMENT RATE, JUNE 2018

Eurostat has reported that the unemployment rate in the Euro Area was stable at 8.3 per cent in June; down from 9.0 per cent in June 2017 and the lowest since December 2008. For the broader European Union, the unemployment rate was also steady at 6.9 per cent this month, down from 7.6 per cent a year ago. This is the lowest unemployment rate for the European Union since May 2008.  

Among major European economies, the May unemployment rate was highest in Greece (20.2 per cent in April) and Spain (15.2 per cent). Unemployment rates were lowest in the Czech Republic (2.4 per cent), and in Germany (3.4 per cent). 

 

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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