EU unemployment at lowest rate in 10 years

 
Jessica Clark
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Unemployment is at the lowest rate in the member countries since April 2008 (Source: Getty)

Unemployment in the European Union is at the lowest rate in a decade, according to new figures released today.

The rate of unemployment among the 28 EU countries was 6.8 per cent last month, down from 6.9 per cent in June, and 7.6 per cent in July last year, official data agency Eurostat said.

Read more: Scholz: 'Large parts' of euro clearing will leave London after Brexit

It is at the lowest rate in the member countries since April 2008, with the Czech Republic, Germany and Poland recording the fewest men and women out of work last month.

The highest rate was recorded in Greece and Spain, which saw unemployment figures of 19.5 per cent [in May 2018] and 15.1 per cent respectively. However, the number fell in all EU member states.

Eurostat estimated that 16.8m people living in the EU were unemployed in July, 13.3m of which were in the eurozone area.

Unemployment in countries using the Euro was also at the lowest rate recorded in 10 years.

Figures show the rate was 8.2 per cent last month, down from 9.1 per cent in July last year.

It is the lowest rate recorded in the Euro area since November 2008.

Read more: Eurozone inflation slows in August

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