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Wednesday 26.09.2018 | Name days: Kurts, Knuts, Gundars
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Eurostat: Latvia unemployment level was eighth highest in EU in October

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn October 2017, Latvia’s unemployment level was 8.2%, which was the eighth highest among EU member states for which data is available, according to data from Eurostat.

Data shows that unemployment higher than Latvia’s was in Spain (16%), Italy (11.1%), Croatia (10.5%), Cyprus (10.2%), France (9.4%), Finland (8.7%) and Portugal (8.5%).

The lowest unemployment levels were registered in Czech Republic (2.7%), Malta (3.5%) and Germany (3.6%).

Unemployment in Lithuania was 7.1% in October.

Unemployment in EU, based on seasonally adjusted data, declined from 7.5% to 7.4% on average in October. This makes it the lowest unemployment level since November 2008.

Unemployment in 19 member states of Eurozone declined from 8.9% to 8.8% in October, which is the lowest level since January 2009. Unemployment was 9.8% in October 2016.

Eurostat’s estimates show that there were roughly 18 million jobless people in the EU, of which 14.3 million were in Eurozone member states. Compared with September, the number of unemployed people has declined by 111,000 in EU and 88,000 in Eurozone.

Unemployment declined in all EU member states for which data is available, except Finland, where unemployment level remained unchanged in October. The largest unemployment decline among member states was noted in Cyprus, where it had declined from 13.1% to 10.2%, and Spain, where the decline was from 18.8% to 16.7%.

Data on unemployment in Estonia, Greece, UK and Hungary is not available.

Ref: 225.109.109.5250


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