Unemployment: Eurozone average down to 10.1%; Greece’s remains the highest: 23.3%

The euro area seasonally-adjusted unemployment rate was 10.1% in June 2016, stable compared to May 2016 and down from 11.0% in June 2015. This remains the lowest rate recorded in the euro area since July 2011. The EU28 unemployment rate was 8.6% in June 2016, stable compared to May 2016 and down from 9.5% in June 2015. This remains the lowest rate recorded in the EU28 since March 2009.

Eurostat estimates that 20.986 million men and women in the EU28, of whom 16.269 million were in the euro area, were unemployed in June 2016. Compared with May 2016, the number of persons unemployed decreased by 91,000 in the EU28 and by 37,000 in the euro area. Compared with June 2015, unemployment fell by 2.114 million in the EU28 and by 1.363 million in the euro area.

Among the Member States, the lowest unemployment rates in June 2016 were recorded in Malta (4.0%), the Czech Republic (4.1%) and Germany (4.2%). The highest unemployment rates were observed in Greece (23.3% in April 2016) and Spain (19.9%).

Compared with a year ago, the unemployment rate in June 2016 fell in twenty-five Member States, remained stable in Belgium and Estonia, while it increased in Austria (from 5.7% to 6.2%). The largest decreases were registered in Cyprus (from 15.1% to 11.7%), Croatia (from 16.2% to 13.2%), Bulgaria (from 9.7% to 7.2%) and Spain (from 22.3% to 19.9%).

Photo: Jyrki Katainen, Vice-President of the EC in charge of Jobs, Growth, Investment and Competitiveness, during a visit to Katowice, Poland.