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Saturday, 3 September 2016

Unemployment in the European Union stabilized in July

Unemployment in the 28 countries - members of the European Union stabilized in July for the third consecutive month, to a 7-year low of 8.6 percent.
EU unemployment rate in July remained at the level from June - 8.6% and below the level of 9.4% a year earlier. Thus European unemployment remains for the third consecutive month at its lowest level since March 2009, according to Eurostat.
According to European statistics, a total of 21.063 million Europeans were unemployed in July, compared to June is a marked decrease of the unemployed in the EU with 29 000 and 1.688 billion compared to July 2015.
The lowest unemployment rate in July was registered in Malta (3.9%), followed by the Czech Republic (4.2%) and Germany (4.2%), while the highest was unemployment in Greece (23.5%) and Spain (19.6%).
In July, a total of 4.276 million young people aged under 25 were unemployed in the EU, this represents a decrease in youth unemployment by 310,000 compared to July 2015.

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