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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

November 01, 2018
EU AND EURO AREA UNEMPLOYMENT RATE, SEPTEMBER 2018

Eurostat has reported that the unemployment rate in the Euro Area remained at 8.1 per cent in September; down from 8.9 per cent in September 2017 and remains the lowest since November 2008. For the broader European Union, the unemployment rate declined to 6.7 per cent this month, down from 7.5 per cent a year ago. This is the lowest unemployment rate recorded for the European Union since the beginning of the monthly unemployment series in January 2000.

Among major European economies, the unemployment rate was highest in Greece (19.0 per cent in July) and Spain (14.9 per cent). Unemployment rates were lowest in the Czechia (Czech Republic, 2.3 per cent), Germany and Poland (both 3.4 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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