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

November 30, 2023

Eurostat has reported that the unemployment rate in the Euro Area was unchanged at 6.5% in October 2023. For the broader 27 countries of the entire European Union, the unemployment rate also remained unchanged at 6.0% in October 2023.

In October, youth unemployment rates edged up to 14.8% in the European Union and 14.9% in the Euro Area. Unemployment rates for females in the European Union were 6.4% while the male unemployment rate was 5.8%. Euro Area unemployment rates for females were 6.9% in October 2023 while the Euro Area unemployment rate for males was 6.2%. 

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

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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