Malta falls one place to fourth in EU un­em­ploy­ment rate – Euro­stat

Malta Independent - - NEWS -

Malta has fallen one place to fourth in terms of low­est un­em­ploy­ment rates in Europe.

Malta was third in Septem­ber, but is now fourth in the lat­est re­sults pub­lished for Oc­to­ber. The Czech Repub­lic holds the best per­for­mance at 3.8%, fol­lowed by Ger­many at 4.1% and the UK at 4.3%. Malta is now tied in fourth place with Hun­gary at 4.9%.

Un­til July, Malta was in top place but it dropped to third in Au­gust.

The euro area sea­son­ally-ad­justed un­em­ploy­ment rate was 9.8% in Oc­to­ber 2016, down from 9.9% in Septem­ber 2016 and from 10.6% in Oc­to­ber 2015. This is the low­est rate recorded in the euro area since July 2009.

The EU28 un­em­ploy­ment rate was 8.3% in Oc­to­ber 2016, down from 8.4% in Septem­ber 2016 and from 9.1% in Oc­to­ber 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 20.448 mil­lion men and women in the EU28, of whom 15.908 mil­lion were in the euro area, were un­em­ployed in Oc­to­ber 2016.

Com­pared with Septem­ber 2016, the num­ber of per­sons un­em­ployed de­creased by 190,000 in the EU28 and by 178,000 in the euro area. Com­pared with Oc­to­ber 2015, un­em­ploy­ment fell by 1.782 mil­lion in the EU28 and by 1.124 mil­lion in the euro area.

Mem­ber states

Among the mem­ber states, the low­est un­em­ploy­ment rates in Oc­to­ber 2016 were recorded in the Czech Repub­lic (3.8%) and Ger­many (4.1%). The high­est un­em­ploy­ment rates were ob­served in Greece (23.4% in Au­gust 2016) and Spain (19.2%).

Com­pared with a year ago, the un­em­ploy­ment rate in Oc­to­ber 2016 fell in 24 mem­ber states, re­mained sta­ble in Italy, while it in­creased in Es­to­nia (from 5.7% to 7.2% be­tween Septem­ber 2015 and Septem­ber 2016), Den­mark (from 6.0% to 6.5%) and Aus­tria (from 5.8% to 5.9%). The largest de­creases were reg­is­tered in Croa­tia (from 16.1% to 12.7%), Spain (from 21.2% to 19.2%) and Slo­vakia (from 11.1% to 9.1%).

In Oc­to­ber 2016, the un­em­ploy­ment rate in the United States was 4.9%, down from 5.0% in both Septem­ber 2016 and Oc­to­ber 2015.

Youth un­em­ploy­ment

In Oc­to­ber 2016, 4.169 mil­lion young per­sons (un­der 25) were un­em­ployed in the EU28, of whom 2.939 mil­lion were in the euro area. Com­pared with Oc­to­ber 2015, youth un­em­ploy­ment de­creased by 350,000 in the EU28 and by 171,000 in the euro area.

In Oc­to­ber 2016, the youth un­em­ploy­ment rate was 18.4% in the EU28 and 20.7% in the euro area, com­pared with 19.9% and 22.2% re­spec­tively in Oc­to­ber 2015.

In Oc­to­ber 2016, the low­est rate was ob­served in Ger­many (6.9%), and the high­est were recorded in Greece (46.5% in Au­gust 2016), Spain (43.6%) and Italy (36.4%).

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