The unemployment in the European Union (EU) slightly decreased in November 2017 on a monthly basis, reaching 7.3% compared to 7.4% in October, shows the latest Eurostat data. On an annual basis, however, there is a more significant decrease compared to 8.3% in November 2016, or a 1 percentage point difference. This is the lowest unemployment rate in the region since October 2008. The unemployed persons in the region in November accounted for 18.116 million people, according to the Eurostat data.
As for the Eurozone, unemployment there also declined by 0.1 percentage points in November compared to October, reaching a level of 8.7%. On an annual basis, the decline was 1.1 percentage points and its lowest level since January 2009. The region’s unemployment rate was 14.263 million people.
Among the EU Member States, the lowest levels of unemployment in November 2017 were reported again in the Czech Republic (2.5%) and Malta and Germany (3.6%). The highest levels of unemployment are observed in Greece (20.5% in September 2017) and Spain (16.7%).
On an annual basis, the unemployment rate in November 2017 has declined in all 28 EU Member States. The largest declines are recorded in Greece (from 23.1% to 20.5% in September on an annual basis), Portugal (from 10.5% to 8.2%), Croatia (from 12.5% to 10, 4%) and Cyprus (from 13.1% to 11.0%).