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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

March 01, 2018
EU AND EURO AREA UNEMPLOYMENT RATE, JANUARY 2018

Eurostat has reported that the unemployment rate in the Euro Area in January 2018 was 8.6 per cent, unchanged from December 2017 (this includes the 19 countries that use the Euro). For the broader European Union of 28 countries, the unemployment rate was once again 7.3 per cent in January, also unchanged from the previous month.

Among major European economies, the January unemployment rate was highest in Greece (20.7% in November) and Spain (16.3%). Unemployment rates were lowest in the Czech Republic (2.4%), Malta (3.5%), and Germany (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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