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For additional information relating to this article, please contact:

Barbara Ruszel Economist
Tel: 902-424-1848Email: Basia.Ruszel-Lichodzijewska@novascotia.ca

October 02, 2017
EU AND EURO AREA UNEMPLOYMENT RATE, AUGUST 2017

The Euro Area seasonally adjusted unemployment rate was 9.1 per cent in August 2017, stable with July's estimates, and down from 9.9 per cent in August 2016. The broader European Union had an unemployment rate of 7.6 per cent, down from 7.7 per cent in the previous month and down from 8.5 per cent in August 2016.

Among the Member States, the lowest unemployment rates in August 2017 were recorded in the Czech Republic (2.9 per cent), Germany (3.6 per cent) and Malta (4.2 per cent). The highest unemployment rates were observed in Greece (21.2 per cent in June) and Spain (17.1 per cent).

Note: An unemployment person is defined by Eurostat according to the guidelines of the International Labour Organization as individual aged 15 to 74 (in Italy, Spain, the United Kingdom, Iceland, Norway: 16 to 74 years), who is without work, is available to start work within the next two weeks and has actively sought employment at some time during the previous four weeks.  Canadian results from the Labour Force Survey shown above use slightly different age cohorts.

Source:  Eurostat: Unemployment



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