Home Malta Winds November 2018 – Euro area unemployment at 7.9% – EU28 at 6.7%

November 2018 – Euro area unemployment at 7.9% – EU28 at 6.7%

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The euro area
(EA19) seasonally-adjusted unemployment rate was 7.9% in November 2018, down
from 8.0% in October 2018 and from 8.7% in November 2017. This is the lowest
rate recorded in the euro area since
October 2008. The EU28 unemployment
rate was 6.7% in November 2018, stable compared with October 2018 and down from
7.3% in November 2017. This remains the lowest rate recorded in the EU28 since the start of the EU monthly
unemployment series in January 2000. These figures are published by Eurostat, the statistical office of the
European Union
.

Eurostat estimates that 16.491 million men and women
in the EU28, of whom 13.040 million
in the euro area, were unemployed in
November 2018. Compared with October 2018, the number of persons unemployed decreased
by 107 000 in the EU28 and by 90
000 in the euro area. Compared with November
2017, unemployment fell by 1.489 million in the EU28 and by 1.135 million in the euro area.

Member States

Among the Member States, the lowest unemployment rates in November 2018 were recorded in Czechia (1.9%), Germany (3.3%) and the Netherlands (3.5%). The highest unemployment rates were observed in Greece (18.6% in September 2018) and Spain (14.7%).

Compared with a year ago, the unemployment rate fell
in all Member States except Estonia
where it remained stable. The largest decreases were registered in Croatia (from 10.0% to 7.8%), Greece (from 20.8% to 18.6% between September
2017 and September 2018) and Spain
(from 16.5% to 14.7%).

In November 2018, the unemployment rate in the United States was 3.7%, stable compared with October 2018 and down from 4.1% in November 2017.

Youth
unemployment

In November 2018, 3.444 million young persons (under
25) were unemployed in the EU28, of
whom 2.452 million were in the euro area.
Compared with November 2017, youth unemployment decreased by 189 000 in the EU28 and by 90 000 in the euro area. In November 2018, the youth
unemployment rate was 15.2% in the EU28 and
16.9% in the euro area, compared
with 16.1% and 17.8% respectively in November 2017. In November 2018, the
lowest rates were observed in Czechia
(4.9%), Germany (6.1%) and the Netherlands (6.9%), while the highest were
recorded in Greece (36.6% in September
2018), Spain (34.1%) and Italy (31.6%).

Geographical information

The euro
area (EA19)
includes Belgium, Germany, Estonia, Ireland, Greece, Spain,
France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands,
Austria, Portugal, Slovenia, Slovakia and Finland.

The European
Union (EU28)
includes Belgium, Bulgaria, Czechia, Denmark, Germany,
Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia,
Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland,
Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.

Methods and definitions

Eurostat produces harmonised unemployment
rates for individual EU Member States, the euro area and the EU. These
unemployment rates are based on the definition recommended by the International
Labour Organisation (ILO). The measurement is based on a harmonised source, the
European Union Labour Force Survey (LFS).

Based on the ILO
definition, Eurostat defines unemployed
persons
as persons aged 15 to 74 who:

                – are without work;

                – are available to start work
within the next two weeks;

                –
and have actively sought employment at some time during the previous four
weeks.

The unemployment
rate
is the number of people unemployed as a percentage of the labour
force.

The labour
force
is the total number of people employed plus unemployed. In this news
release unemployment rates are based on employment and unemployment data
covering persons aged 15 to 74.

The youth unemployment rate is the number
of people aged 15 to 24 unemployed as a percentage of the labour force of the
same age. Therefore, the youth unemployment rate should not be interpreted as
the share of jobless people in the overall youth population.

When
data for the most recent month are not available for a Member State, EU and EA
aggregates are calculated using the latest data available for that Member
State.

Country notes

Germany, the Netherlands, Austria, Finland, Sweden and Iceland: the
trend component is used instead of the more volatile seasonally adjusted data.

Denmark, Estonia, Hungary, Portugal, the United Kingdom and Norway:
3-month moving averages of LFS data are used instead of pure monthly
indicators.

Revisions and
timetable

The data in this News
Release can be subject to revisions, caused by updates to the seasonally
adjusted series whenever new monthly data are added; the inclusion of the most
recent LFS data in the calculation process; update of seasonal adjustment models
with complete annual data.

Compared with the rates published in News Release 184/2018 of 30 November 2018, the October 2018 unemployment rate for EA19 has been revised downwards from 8.1% to 8.0%, while the rate for EU28 remained unchanged. Among Member States, the rate has been revised by more than 0.1 percentage points (pp) downwards for Belgium (by 0.7 pp), Slovakia (by 0.5 pp) and Austria (by 0.3 pp). The unemployment rate has been revised by more than 0.1 percentage points upwards for Cyprus (by 0.3 pp) and Luxembourg (by 0.2 pp).

Issued by: Eurostat Press Office

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