Euro Area Unemployment Rate Steady At Near 8-Year Low


The jobless rate in the Euro Area was unchanged at 9.6 percent in January of 2017, the same as in December and in line with market expectations. It remains the lowest rate since May of 2009. A year earlier, unemployment was higher at 10.4 percent.

15.620 million people were unemployed in the Euro Area in January, down by 56,000 from Decmeber of 2016 and by 1.101 million from a year earlier. 

Considering the European Union, the unemployment rate decreased to 8.1 percent from 8.2 percent in December and 8.9 percent a year earlier. It is the lowest level since January of 2009. 19.969 million men and women were unemployed, down by 96,000 from the previous month and by 1.733 million from January of 2016.

Among Member States, the lowest unemployment rates were recorded in the Czech Republic (3.4 percent from 3.5 percent in December) and Germany (3.8 percent from 3.9 percent) and the highest in Greece (stable at 23 percent in November 2016) and Spain (18.2 percent from 18.4 percent). The jobless rate was steady in France (10 percent) and in Italy (11.9 percent).

Euro Area Unemployment Rate Steady At Near 8-Year Low


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
3/2/2017 10:29:48 AM