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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

May 03, 2024

Eurostat has reported that the unemployment rate in the Euro Area has remained unchanged at 6.5% in March 2024. For the broader 27 countries of the entire European Union, the unemployment rate declined 0.1% to 6.0% in March 2024.

In March, youth unemployment rates edged down from 14.7% to 14.6% in the European Union and were down from 14.4% to 14.1% in the Euro Area. The unemployment rate for females in the European Union was stable at 6.4% while the male unemployment rate was down from 5.8% to 5.7%. The Euro Area unemployment rate for females was stable at 7.0% in March 2024 while the Euro Area unemployment rate for males was down from  6.1% to 6.0%. 

Among EU member state economies, the March unemployment rates were highest in Spain and Greece. Unemployment rates were lowest in Czechia and Poland.  

Source: Eurostat. Indicators; Unemployment News Release, Data 

Statistics Canada.  Table  14-10-0287-01   Labour force characteristics, monthly, seasonally adjusted and trend-cycle

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