The Euro Area seasonally-adjusted unemployment rate stood at 7.5 percent in July 2019, unchanged from the previous month's 11-year low and in line with market expectations. The number of unemployed continued to decline.
Compared with June, the number of unemployed in the Euro Area decreased by 16,000 to 12.322 million. Compared with the previous year, it fell by 898,000.
8/30/2019 9:28:35 AM
Considering the European Union as a whole, the unemployment rate was unchanged at 6.3 percent in July, the lowest since the start of the EU monthly unemployment series in January 2000. There were 15.613 million people unemployed, an increase of 27,000 from the previous month and a decline of 1.093 million from July 2018.
Among EU Member States, the lowest unemployment rates in July were recorded in Czechia (2.1 percent) and Germany (3.0 percent). The highest unemployment rates were observed in Greece (17.2 percent in May 2019) and Spain (13.9 percent). Compared with a year ago, the largest decreases were registered in Greece (17.2 percent from 19.4 percent between May 2019 and May 2018), Croatia (7.1 percent from 8.4 percent), Cyprus (7.0 percent from 8.3 percent), Slovakia (5.3 percent from 6.5 percent), and Spain (13.9 percent from 15.0 percent).
The youth unemployment rate was 14.3 percent in the EU28 and 15.6 percent in the Euro Area, compared with 15.0 percent and 16.7 percent respectively in July 2018. The lowest rates were observed in Germany (5.6 percent), the Netherlands (6.7 percent) and Czechia (7.0 percent), while the highest were recorded in Greece (39.6 percent in Q1 2019), Spain (32.1 percent) and Italy (28.9 percent).