Malta re­tains third best un­em­ploy­ment rate in Euro­pean Union

Malta Independent - - NEWS -

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%).

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