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Economy: Eurostat, EU unemployment down. Positive figures for Czechia and Germany, Italy below 10%

(Brussels) The seasonally-adjusted unemployment rate in the euro area (19 countries using the single currency) was 7.5% in May 2019, down from 7.6% in April 2019 and from 8.3% in May 2018. According to Eurostat, “this is the lowest rate recorded in the euro area since July 2008”. The EU28 unemployment rate was 6.3% in May 2019, down from 6.4% in April 2019 and from 6.9% in May 2018. “This is the lowest rate recorded in the EU since January 2000”. Eurostat estimates that 15.653 million people are currently unemployed in the EU. Among the Member States, the lowest unemployment rates were recorded in Czechia (2.2%), Germany (3.1%) and the Netherlands (3.3%). The highest unemployment rates were observed in Greece (18.1% in March 2019), Spain (13.6%) and Italy (9.9%). “Compared with a year ago, the unemployment rate fell in 23 Member States, remained stable in Austria and increased in Denmark (from 5.0% to 5.1%), Luxembourg (from 5.6% to 5.7%), Poland (from 3.7% to 3.8%) and Sweden (from 6.2% to 6.3%). The largest decreases were registered in Greece (from 20.2% to 18.1% between March 2018 and March 2019), and Spain (from 15.4% to 13.6%). As for youth unemployment, 3.2 million under-25s are currently unemployed: the lowest rates were observed in Germany (5.1%) and the Netherlands (6.3%), while the highest were recorded in Greece (40.4% in March 2019), Spain (31.7%) and Italy (30.5%).

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