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

October 03, 2023

Eurostat has reported that the unemployment rate in the Euro Area decreased from a 6.5% in July to a 6.4% in August 2023. For the broader 27 countries of the entire European Union, the unemployment rate declined from 6.0% in July 2023 to a 5.9% in August 2023. In August, youth unemployment rate was 14.0% in the European Union and 13.8% in the Euro Area. Unemployment rate for women was 6.2% and 5.7% for men in the European Union in August. The Euro Area unemployment rate was higher for women (6.7%) than men (6.1%) in August 2023.

Among EU member state economies, the unemployment rate was highest in Spain and Greece. Unemployment rates were lowest in Malta, Czechia, Poland, and Germany.  

Source: Eurostat. Indicators; Unemployment News Release, Data 

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

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