Euro Area Jobless Rate Drops to 8.5% in April


The unemployment rate in the Euro Area decreased slightly to 8.5 percent in April 2018, following an upwardly revised 8.6 percent in March and compared with market expectations of 8.4 percent. It remains the lowest the lowest jobless rate since December 2008, well below 9.2 percent a year earlier.

13.880 million people were unemployed in the Euro Area in April 2018, down by 56,000 from the previous month and by 1.088 million a year ago.

Considering the European Union, the unemployment rate was steady at 7.1 percent, the lowest level since September 2008.  In April 2017, it was higher at 7.8 percent. Eurostat estimates showed that 17.462 million men and  women were unemployed, down by 53,000 from March and by 1.633 million from a year earlier.

Among the Member States, the lowest unemployment rates in April 2018 were recorded in the Czech Republic
(2.2 percent), Malta (3.0 percent) and Germany (3.4 percent). The highest unemployment rates were observed in Greece (20.8 percent in February 2018) and Spain (15.9 percent).

Euro Area Jobless Rate Drops to 8.5% in April


Eurostat | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/31/2018 9:21:17 AM