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Unemployment rates in Eurozone and European Union remained unchanged in June 2016

Unemployment rates in Eurozone and European Union (EU) remained unchanged on month-on-month base in June 2016, according to seasonally adjusted data from the European statistical office Eurostat. In the Eurozone the level is 10.1% and remains the lowest since July 2011, reporting decrease from June 2015, when the level was 11.0%. The European Union unemployment level amounted to 8.6%, which is the lowest since March 2009 and decreasing from an year ago, when was 9.5%.

A total of 20.986 million people in the European Union were unemployed in June 2016. Of them, 16.269 million people are in the Eurozone. Compared with the previous month, the number of unemployed decreased by 91,000 in the EU and by 37,000 in the Eurozone. On an annual basis, the number declined by 2.114 and 1.363 million people respectively.

In June, unemployment was lowest in Malta (4.0%), Czech Republic (4.1%) and Germany (4.2%). The levels are highest in Greece (23.3%) and Spain (19.9%). Compared with an year earlier, the unemployment rate decreased in 25 EU Member States, remained unchanged in Belgium and Estonia and increases in Austria (from 5.7% to 6.2%).

The largest decreases of unemployment rate were registered in Cyprus (from 15.1% to 11.7%), Croatia (from 16.2% to 13.2%), Bulgaria (from 9.7% to 7.2%) and Spain (from 22.3% to 19.9%). Eurostat indicated for comparison and data for the US, where unemployment in June is at level of 4.9% compared to 4.7% in May and 5.3% in June 2015.

Youth unemployment also dropped. In June 4.194 million young people (aged under 25) were unemployed in the EU, of which 2.915 million people were in the Eurozone. Compared to June last year, the youth unemployment in the EU decreased by 492,000 and in June its level was 18.5%. The lowest levels were registered in Malta (6.9%) and Germany (7.2%), while the highest in Greece (47.4%) and Spain (45.8%).

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