Eurozone unemployment rate recorded a surprise drop in June

Euro Area Unemployment Rate  | Data | Chart | Calendar

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source: tradingeconomics.com
Eurozone unemployment rate  The unemployment rate in the Euro Area fell to 9.1 percent in June of 2017 from a downwardly revised 9.2 percent in May and below market expectations of 9.2 percent. It is the lowest jobless rate since February of 2009. A year earlier, the unemployment rate was higher at 10.1 percent. Unemployment Rate in the Euro Area averaged 9.78 percent from 1995 until 2017, reaching an all time high of 12.10 percent in April of 2013 and a record low of 7.30 percent in October of 2007



Eurozone unemployment rate

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Eurozone Jobless Rate Drops to 9.1% in June

The unemployment rate in the Euro Area fell to 9.1 percent in June of 2017 from a downwardly revised 9.2 percent in May and below market expectations of 9.2 percent. It is the lowest jobless rate since February of 2009. A year earlier, the unemployment rate was higher at 10.1 percent.

Compared with May 2017, the number of unemployed decreased by 148,000 to 14.718 million in the Euro Area. Compared with the previous year, it fell by 1.667 million.
Considering the European Union, the unemployment rate was flat at 7.7 percent, the same as in the previous month and down from 8.6 percent a year ago. This remains the lowest rate recorded in the EU28 since December 2008. There were 18.725 million people unemployed, a decrease of 183,000 from the previous month and of 2.368 million from June 2016.
Among EU Member States, the lowest unemployment rates in june 2017 were recorded in the Czech Republic (2.9 percent), Germany (3.8 percent) and Malta (4.1 percent). The highest were observed in Greece (21.7 percent in April 2017) and Spain (17.1 percent). Compared with a year ago, the unemployment rate fell in all Member States for which data is comparable over time, except Estonia which showed an increase (from 6.5 percent in May 2016 to 6.9 percent in May 2017). The largest decreases were registered in Spain (from 19.9 percent to 17.1 percent) and Croatia (from 13.3 percent to 10.6 percent).

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Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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