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

November 30, 2018
EU AND EURO AREA UNEMPLOYMENT RATE, OCTOBER 2018

Eurostat has reported that the unemployment rate in the Euro Area remained at 8.1 per cent in October; down from 8.8 per cent in October 2017 and remains the lowest since November 2008. For the broader European Union, the unemployment remained at 6.7 per cent this month, down from 7.4 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 (18.9 per cent in August) and Spain (14.8 per cent). Unemployment rates were lowest in the Czechia (Czech Republic, 2.2 per cent), and Germany (3.3 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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