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Europe – Euro area and EU28 unemployment rates fall in May

02 July 2019

The euro area (EA19) seasonally-adjusted unemployment rate stood at 7.5% in May 2019, down from 8.3% in May 2018, this is the lowest rate recorded in the euro area since July 2008 according to Eurostat, the statistical office of the European Union.

At the same time, the EU28 unemployment rate stood at 6.3% in May 2019, down from 6.9% in May 2018. This is the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000.

When compared to the previous month, the unemployment rate in the euro area was down from 7.6% in April 2019 while the EU28 unemployment rate was down from 6.4% in April 2019.

Eurostat estimates that 15.65 million men and women in the EU28, of whom 12.34 million in the euro area, were unemployed in May 2019. Compared with May 2018, unemployment fell by 1.27 million in the EU28 and by 1.13 million in the euro area. Compared with April 2019, the number of persons unemployed decreased by 71,000 in the EU28 and by 103,000 in the euro area.

Among the member states, the lowest unemployment rates in May 2019 were recorded in the Czech Republic (2.2%), Germany (3.1%) and the Netherlands (3.3%).

The highest unemployment rates were observed in Greece (18.1% for the most recent data in March 2019), Spain (13.6%) and Italy (9.9%).

Compared with a year ago, the unemployment rate fell in 23 Member States, remained stable in Austria and increased in Denmark, Luxembourg, Poland, and Sweden (from 6.2% to 6.3%).

The largest decreases were registered in Greece (from 20.2% to 18.1% between March 2018 and March 2019), Spain (from 15.4% to 13.6%) and Cyprus (from 8.3% to 6.5%).

In May 2019, the youth unemployment rate was 14.3% in the EU28 and 15.7% in the euro area, compared with 15.1% and 17.0% respectively in May 2018. In May 2019, the lowest rates were observed in Germany (5.1%) and the Netherlands (6.3%), while the highest were recorded in Greece (40.4% in March 2019), Spain (31.7%) and Italy (30.5%).