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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

January 09, 2018
EU AND EURO AREA UNEMPLOYMENT RATE, NOVEMBER 2017

Eurostat has reported that unemployment rates continue to fall in the Euro Area in November, reaching 8.7 per cent for the 19 countries that use the Euro.  For the broader European Union of 28 countries, the unemployment rate declined to 7.3 per cent in November.

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 November unemployment rate was highest in Greece (20.5% in September) and Spain (16.7%). Unemployment rates were lowest in the Czech Republic (2.5%), Malta, and Germany (both 3.6%). 

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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