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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

November 29, 2019

Eurostat has reported that the unemployment rate in the Euro Area edged down to 7.5 per cent in October 2019 (compared with revised September results). For the Euro Area, this is the lowest unemployment rate since July 2008.

For the broader European Union, the unemployment rate was stable at 6.3 per cent in October 2019. This unemployment rate for the European Union remains at its lowest level since the monthly data series began in 2000. 

Among major European economies, the unemployment rate was highest in Greece (16.7 per cent in August), Spain (14.2 per cent), Italy (9.7 per cent) and France (8.5 per cent). Unemployment rates were lowest in Czechia (2.2 per cent), Germany (3.1 per cent) and Poland (3.2 per cent).

Source:  Eurostat. Unemployment News Release, time series data for unemployment rates, latest unemployment rates by member country

Statistics Canada.  Table  14-10-0287-01   Labour force characteristics, monthly, seasonally adjusted and trend-cycle

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