EA unemployment rate at 10.3% – Malta with third lowest rate at 5.1%

March 2, 2016

27681056-Red-3D-curved-arrows-icon-Stock-PhotoThe Euro Area (EA19) seasonally-adjusted unemployment rate was 10.3% in January 2016, down from 10.4% in December 2015, and from 11.3% in January 2015. This is the lowest rate recorded in the euro area since August 2011. The EU28 unemployment rate was 8.9% in January 2016, down from 9.0% in December 2015, and from 9.8% in January 2015. This is the lowest rate recorded in the EU28 since May 2009.

Eurostat estimates that 21.789 million men and women in the EU28, of whom 16.647 million were in the Euro Area, were unemployed in January 2016. Compared with December 2015, the number of persons unemployed decreased by 163 000 in the EU28 and by 105 000 in the euro area. Compared with January 2015, unemployment fell by 2.034 million in the EU28 and by 1.445 million in the euro area.

The lowest unemployment rates in January 2016 were recorded in Germany (4.3%), the Czech Republic (4.5%), Malta and the United Kingdom (5.1%).  The highest unemployment rates were observed in Greece 24.6% in November 2015 and in Spain (20.5%).

Compared with a year ago, the unemployment rate in January 2016 fell in twenty-four Member States, remained stable in Estonia and increased in Latvia from 9.7% to 10.4%, Austria from 5.5% to 5.9% and Finland from 9.1% to 9.4%. The largest decreases were registered in Spain from 23.4% to 20.5%, Slovakia from 12.3% to 10.3%, Ireland from 10.1% to 8.6% and Portugal from 13.7% to 12.2%.

In January 2016, the unemployment rate in the United States was 4.9%, down from 5.0% in December 2015 and from 5.7% in January 2015.

In January 2016, 4.434 million young persons under 25 were unemployed in the EU28, of whom 3.037 million were in the Euro Area. Compared with January 2015, youth unemployment decreased by 408 000 in the EU28 and by 217 000 in the Euro Area.