Malta loses first place in low­est un­em­ploy­ment stakes

Malta Independent - - NEWS -

Malta dropped two places from first to third in un­em­ploy­ment fig­ures pub­lished yes­ter­day by Euro­stat.

The euro area sea­son­ally-ad­justed un­em­ploy­ment rate was 10.1% in Au­gust, sta­ble com­pared to July and down from 10.7% in Au­gust 2015. This re­mains the low­est rate recorded in the euro area since July 2011.

The EU28 un­em­ploy­ment rate was 8.6% in Au­gust, sta­ble com­pared to July and down from 9.3% in Au­gust 2015. This re­mains the low­est rate recorded in the EU28 since March 2009. These fig­ures were pub­lished by Euro­stat, the sta­tis­ti­cal of­fice of the Euro­pean Union.

Euro­stat es­ti­mates that 20.973 mil­lion men and women in the EU28, of whom 16.326 mil­lion were in the euro area, were un­em­ployed in Au­gust. Com­pared with July, the num­ber of per­sons un­em­ployed de­creased by 40,000 in the EU28, while it in­creased by 8 000 in the euro area. Com­pared with Au­gust 2015, un­em­ploy­ment fell by 1.587 mil­lion in the EU28 and by 875,000 in the euro area.

Among the Mem­ber States, the low­est un­em­ploy­ment rates in Au­gust were recorded in the Czech Repub­lic (3.9%), Ger­many (4.2%) and Malta (4.8%). Malta had the best un­em­ploy­ment rate in Au­gust. 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 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, the un­em­ploy­ment rate in the United States was 4.9%, sta­ble com­pared to July and down from 5.1% in Au­gust 2015.

In Au­gust, 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, 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, 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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