Chart of the day: European Union jobless rates


From Eurostat:

Among the Member States, the lowest unemployment rates in August 2016 were recorded in the Czech Republic (3.9%) and Germany (4.2%). The highest unemployment rates were observed in Greece (23.4% in June 2016) and Spain (19.5%).

Compared with a year ago, the unemployment rate in August 2016 fell in twenty-four Member States, remained stable in Denmark, while it increased in Estonia (from 5.3% to 6.8% between July 2015 and July 2016), Austria (from 5.7% to 6.2%) and Belgium (from 8.0% to 8.2%). The largest decreases were registered in Croatia (from 16.6% to 12.9%) and Cyprus (from 14.7% to 12.1%).

In August 2016, the unemployment rate in the United States was 4.9%, stable compared to July 2016 and down from 5.1% in August 2015.

Youth unemployment

In August 2016, 4.199 million young persons (under 25) were unemployed in the EU28, of whom 2.927 million were in the euro area. Compared with August 2015, youth unemployment decreased by 381,000 in the EU28 and by 209,000 in the euro area. In August 2016, the youth unemployment rate was 18.6% in the EU28 and 20.7% in the euro area, compared with 20.1% and 22.3% respectively in August 2015. In August 2016, the lowest rate was observed in
Germany (6.9%), and the highest were recorded in Greece (47.7% in June 2016), Spain (43.2%) and Italy (38.8%).

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