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Good News on Jobs in the EU

Wednesday 02 September, 2015 Written by 
EU Employment

Employment in the EU is rising. It is actually has been below 11% since February 2012.

European Union statistics agency Eurostat said the jobless rate in the currency union fell to 10.9% in July from 11.1% the month before. The fall was helped by a sharp fall in unemployment in Italy, where the jobless total fell by 143,000.

The wider 28-member EU saw the unemployment rate fall to 9.5%, the lowest rate since June 2011.

The lowest unemployment rate was in Germany, at 4.7%. Greece had the highest unemployment rate, at 25%, the latest available data from May showed, followed by Spain at 22.2% where unemployment is still very high.

The rate of youth unemployment across the Eurozone is still extremely high however that rate also declined to 21.9% in July from 22.3% a month earlier.