Malta remains with third lowest unemployment rate in EU-28

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http://maltawinds.com/2017/10/02/malta-remains-third-lowest-unemployment-rate-eu-28/

Malta retained its third place behind the Czech Republic and Germany for the lowest unemployment rate in the EU-28 for August 2017 with just 4.2% that is just over half the EU average of 7.6%.

The euro area (EA19) seasonally-adjusted unemployment rate was 9.1% in August 2017, stable compared to July 2017 and down from 9.9% in August 2016. This remains the lowest rate recorded in the euro area since February 2009. The EU28 unemployment rate was 7.6% in August 2017, down from 7.7% in July 2017 and from 8.5% in August 2016. This is the lowest rate recorded in the EU28 since November 2008. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 18.747 million men and women in the EU28, of whom 14.751 million in the euro area, were unemployed in August 2017. Compared with July 2017, the number of persons unemployed decreased by 104 000 in the EU28 and by 42 000 in the euro area. Compared with August 2016, unemployment fell by 1.923 million in the EU28 and by 1.319 million in the euro area.

Member States

Among the Member States, the lowest unemployment rates in August 2017 were recorded in the Czech Republic (2.9%), Germany (3.6%) and Malta (4.2%). The highest unemployment rates were observed in Greece (21.2% in June 2017) and Spain (17.1%).

Compared with a year ago, the unemployment rate fell in all Member States for which data is comparable over time, except Finland where it remained stable. The largest decreases were registered in Cyprus (from 13.1% to 10.7%), Greece (from 23.5% to 21.2% between June 2016 and June 2017) and Spain (from 19.3% to 17.1%).

In August 2017, the unemployment rate in the United States was 4.4%, up from 4.3% in July 2017 but down from 4.9% in August 2016.

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