Euro Area Jobless Rate Steady at 10.2%


The seasonally adjusted unemployment rate in the Eurozone was recorded at 10.2 percent in April of 2016 unchanged from previous month's unrevised level and down from 11 percent reported a year earlier. It remained at its lowest level since August of 2011.

The EU28 unemployment rate was 8.7 percent, down from 8.8 percent in March and from 9.6 percent a year earlier. This is the lowest rate recorded in the EU28 since April 2009. 

Eurostat estimates that 21.224 million men and women in the EU28, of whom 16.420 million were in the euro area, were unemployed in April 2016. Compared with March 2016, the number of persons unemployed decreased by 106 000 in the EU28 and by 63 000 in the euro area. Compared with April 2015, unemployment fell by 2.096 million in the EU28 and by 1.309 million in the euro area.

Among the Member States, the lowest unemployment rates were recorded in the Czech Republic (4.1 percent), Germany (4.2 percent) and Malta (4.3 percent). The highest unemployment rates were observed in Greece (24.2 percent in February 2016) and Spain (20.1 percent). Compared with a year ago, the unemployment rate in April 2016 fell in twenty-five Member States, remained stable in Belgium and increased in Estonia (6.8 percent in March 2016 from 6.7% in March 2015) and Latvia (9.6 percent from 9.5 percent). The largest decreases were registered in Cyprus (11.6 percent from 15.7 percent), Bulgaria (7.1 percent from 10 percent) and Spain (20.1 percent from 22.7 percent).

There were 4.235 million young persons (under 25) were unemployed in the EU28, of whom 2.932 million were in the euro area. Compared with April 2015, youth unemployment decreased by 495 000 in the EU28 and by 261 000 in the euro area. The youth unemployment rate was 18.8 percent in the EU28 and 21.1 percent in the euro area, compared with 20.7 percent and 22.5 percent respectively in April 2015. The lowest rates were observed in Germany (7 percent), Malta (8.9 percent) and the Czech Republic (9.5 percent), and the highest in Greece (51.4 percent in February 2016), Spain (45 percent), Croatia (38.9 percent in the first quarter 2016) and Italy (36.9 percent).

Euro Area Jobless Rate Steady at 10.2%


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/31/2016 10:17:28 AM