Sweden and Croatia close the top five with … The unemployment rate is the lowest it has been since May 1969—over 50 years ago. (30.07.2019) However, the general European situation, with its 8,5% unemployment rate, is not as good as in US (3,9%), Japan (2,5%), Russia (4,9%) or Australia (5,6%).
In 2019 Spain’s unemployment rate reached 14.1% between the ages of 15 and 74 years old. Unemployment Rate in European Union averaged 9.18 percent from 2000 until 2020, reaching an all time high of 11.50 percent in February of 2013 and a record low of 6.40 percent in February of 2020. The EU and Eurozone grew by 0.2% during the second quarter of 2019.
In European Union, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This figure is closely followed by Spain at 32.2% while Italy is third at 27.1% unemployment rate. But economic growth and inflation figures showed European economies were slowing down just as the US-China trade war accelerates.The European Union's statistical office Eurostat on Wednesday reported the EU's lowest unemployment rate since records began in 2000.The EU unemployment rate dropped to 6.3% in June, making it the "lowest rate recorded" in the bloc.The eurozone, which comprises the 19 member states of the euro monetary union, dropped to 7.5%. In specific, the unemployment rate in Greece in 2019 between the ages of 15 and 74 years old reached 17.3%.
All Americans are benefiting from the labor market’s continued improvement.
The lowest unemployment rates … The unemployment rate is now the lowest rate recorded in the European area since December 2008, after the financial crisis.
But high unemployment remains a reality in several EU nations, and a growing share of new jobs in Europe are temporary, part-time or self-employed positions. The European Union's statistical office Eurostat on Wednesday reported the EU's lowest unemployment rate since records began in 2000. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. "Amid US efforts to isolate the company, Huawei has benefited from new 5G contracts and millions of smartphone sales.
Afterward, it took 119 months, or slightly less than 10 years, for the U.S. unemployment rate to reach its precrisis monthly low of 4.4 percent. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.
South Korea has one of the lowest unemployment rates and fastest growing economies in the world, with a current rate of unemployment of just 3.5 percent. As of August this year, the lowest unemployment in the Czech Republic is 2.5 percent, as well as in Germany and Poland (3.4 percent each).
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Unemployment Rate in European Union increased to 6.70 percent in May from 6.60 percent in April of 2020. The Trading Economics Application Programming Interface (API) provides direct access to our data. The second country in the EU with the highest unemployment rate was Spain. Inflation dropped from 1.3% in June to 1.1% in July.An economist at the London-based Capital Economics consultancy said the data would likely play a major role in the ECB's decision on whether to announce "stimulus measures. The third country on the list is Italy. The European Union’s overall unemployment rate is now at its lowest point since before the continent’s financial crisis began. On Friday, the Bureau of Labor Statistics reported that the unemployment rate held steady at a historically low 3.5% in December. This is still considered above average for this country, which is matched only by Switzerland in its extraordinarily low unemployment rate.