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Unemployment in the euro area after taking into account seasonal factors rose to 8.3% in June, compared with 6.9% in the EU as a whole. – Eurostat informed Tuesday
The level of unemployment in the euro area has not changed in June compared to May. 8.3 percent reading is the lowest since December 2008. When it comes to the entire EU, this represents 6.6%. unemployment (also stable compared to May) is the lowest since May 2008.
Eurostat estimates that 17.1 million out of 28 people were unemployed in June this year, of which 13.57 million in the euro zone. If we compare this year's data with that of last year, the number of unemployed will decrease by 1.65 million in the EU, including 1.146 million in the euro area.
The Czech Republic could have the lowest unemployment rate in June – 2.4%. and Germany – 3.4 percent Poland with the result of 3.7 percent. she was in fourth place. Greece had the worst performance (20.2% in reading for April) and Spain – 15.2%
Unemployment declined throughout the year in all the countries of the EU. Most in Cyprus (11 to 8.2 per cent), Portugal (9.1 to 6.7 per cent), Croatia (11.1 to 9.2 per cent), Estonia (6 , 8 to 4.9 between May 2017 and 2018) and Spain (17 to 15.2%)
Although unemployment among the under-25s continues to decline, it remains a serious problem in several Member States. The lowest youth unemployment rates were recorded in Malta (5.5%), Germany (6.2%) and the Netherlands (7.2%). in turn, the highest unemployment among young people was in Greece (42.3% in April), Spain (34.1%) and Italy (32.6%).
The positive data on unemployment go hand in hand with persistence at a good level of economic dynamism. GDP growth in the euro area in the second quarter was 0.3%. compared to 0.4 percent in the first three months of this year. In the case of the whole of the EU, the momentum, which was 0.4%, has not changed, inflation
has risen to 2.1 %. in July compared to 2 percent in June. The main driver has been the increase of more than 9% in energy prices. Prices of food, alcohol and tobacco increased by 2.5 per cent during the year
Brussels Krzysztof Strzępka (PAP)
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