Malta retains third best unemployment rate in European Union

For the second month running, Malta retained third place in the unemployment rate among European Union member states for the month of September. Until July, Malta was in top place but dropped to third in August.

The euro area seasonally-adjusted unemployment rate was 10.0% in September, stable compared to August and down from 10.6% in September 2015. This is the lowest rate recorded in the euro area since June 2011.

The EU28 unemployment rate was 8.5% in September, stable compared to August and down from 9.2% in September 2015. This is the lowest rate recorded in the EU28 since February 2009. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 20.789 million men and women in the EU28, of whom 16.181 million were in the euro area, were unemployed in September. Compared with August, the number of persons unemployed decreased by 150,000 in the EU28 and by 101,000 in the euro area. Compared with September 2015, unemployment fell by 1.596 million in the EU28 and by 905,000 in the euro area.

Among the member states, the lowest unemployment rates in September 2016 were recorded in the Czech Republic (4.0%) and Germany (4.1%). The highest unemployment rates were observed in Greece (23.2% in July 2016) and Spain (19.3%).

Compared with a year ago, the unemployment rate in September 2016 fell in 24 member states, while it increased in Estonia (from 5.4% to 7.6% between August 2015 and August 2016), Austria (from 5.7% to 6.3%), Denmark (from 6.0% to 6.3%) and Italy (from 11.4% to 11.7%). The largest decreases were registered in Croatia (from 16.4% to 12.6%), Cyprus (from 14.3% to 12.0%) and Spain (from 21.4% to 19.3%).

In September 2016, the unemployment rate in the United States was 5.0%, up from 4.9% in August 2016 but down from 5.1% in September 2015

In September, 4.125 million young persons (under 25) were unemployed in the EU28, of whom 2.875 million were in the euro area. Compared with September 2015, youth unemployment decreased by 425,000 in the EU28 and by 243,000 in the euro area.

In September, the youth unemployment rate was 18.2% in the EU28 and 20.3% in the euro area, compared with 20.0% and 22.2% respectively in September 2015.

In September, the lowest rate was observed in Germany (6.8%), and the highest were recorded in Greece (42.7% in July 2016), Spain (42.6%) and Italy (37.1%).