Euro Area Jobless Rate Steady at 9-Year Low


The unemployment rate in the Euro Area was unchanged at 8.5 percent in March of 2018, the same as in February and in line with market expectations. It remains the lowest jobless rate since December of 2008, well below 9.4 percent a year earlier.

13.824 million people were unemployed in the Euro Area in March 2018, down by 83,000 from the previous month and by 1.414 million a year earlier.

Considering the European Union, the unemployment rate was flat at 7.1 percent, the same as in February and the lowest since September 2008. In March 2017, it was higher at 7.9 percent. 17.481 million men and women were unemployed, down by 94,000 from February and by 1.930 million from a year earlier. 

Among the Member States, the lowest unemployment rates in March 2018 were recorded in the Czech Republic (2.2 percent), Malta (3.3 percent) and Germany (3.4 percent). The highest unemployment rates were observed in Greece (20.6 percent in January 2018) and Spain (16.1 percent).

Euro Area Jobless Rate Steady at 9-Year Low


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
5/2/2018 9:14:30 AM