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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 31, 2017
EU AND EURO AREA UNEMPLOYMENT RATE, SEPTEMBER 2017

Eurostat has reported that unemployment rates continue to fall in the Euro Area in September, reaching 8.9 per cent for the 19 countries that use the Euro.  For the broader European Union of 28 countries, the unemployment rate remained unchanged at 7.5 per cent in September.

The European Union unemployment rate is now very close to the Nova Scotia unemployment rate, which was the case prior to the sovereign debt crisis in 2012.

Among major European economies, the September unemployment rate was 3.6 per cent in Germany, 9.7 per cent in France, 11.1 per cent in Italy, 4.7 per cent in the Netherlands, 16.7 per cent in Spain.  Greece's unemployment rate was 21.0 per cent in July. 

 

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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