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Market news

9 January 2020

Eurozone unemployment rate remained at 7.5% in November

According to the report from Eurostat, the euro area (EA19) seasonally-adjusted unemployment rate was 7.5% in November 2019, stable compared with October 2019 and down from 7.9% in November 2018. This remains the lowest rate recorded in the euro area since July 2008. The EU28 unemployment rate was 6.3% in November 2019, stable compared with October 2019 and down from 6.6% in November 2018. This remains the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000.

Eurostat estimates that 15.582 million men and women in the EU28, of whom 12.315 million in the euro area, were unemployed in November 2019. Compared with October 2019, the number of persons unemployed increased by 34 000 in the EU28 and decreased by 10 000 in the euro area. Compared with November 2018, unemployment fell by 768 000 in the EU28 and by 624 000 in the euro area.

In November 2019, 3.222 million young persons (under 25) were unemployed in the EU28, of whom 2.258 million were in the euro area. Compared with November 2018, youth unemployment decreased by 111 000 in the EU28 and by 89 000 in the euro area. In November 2019, the youth unemployment rate was 14.3% in the EU28 and 15.6% in the euro area, compared with 14.8% and 16.3% respectively in November 2018.

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