In March unemployment in the eurozone is still at 8.5%

In March unemployment in the eurozone is still at 8.5%

In March 2018 unemployment in the 19 countries of the eurozone is still at 8.5%, as in February. It follows from data uncovered by the Statistical Office of the European Union. This level turns to be minimal since December 2008.

As a matter of fact, the dynamics of the indicator generally coincided with the hopes of financial analysts.

In the European Union, unemployment is still at 7.1%. The given level appears to be the lowest in the European bloc since September 2008.

In March, in up to 28 EU countries there were 17.481 million unemployed, and out of which about 13.824 million were exactly in the euro area.

Compared to the previous month, the overall number of unemployed went down by 94 thousand in the European Union and also by 83 thousand - in the euro area. Additionally, compared with March the previous year, the number of unemployed people decreased by 1.930 million in the European Union and also 1.414 million in the euro area.

Besides this, among the EU countries, in March this year the lowest unemployment rates were seen in the Czech Republic (2.2%), Malta (3.03%) and Germany (3.4%), while the highest rate was observed in Greece (20.6%) as well as Spain (16.1%).

Compared to March last year, the unemployment rate headed south in all EU countries. The only exception was Lithuania – in this country unemployment was still at 7.5%. In Estonia, the indicator tacked on to 6.5% versus 5.3% in 2016.

The largest dive in annual terms was observed in Cyprus (from 12.3% to 9.1%), in Greece (from 23.2% to 20.6%), Croatia (from 11.8% to 9.4%) and also in Portugal (from 9.7% to 7.4%).

As for France, unemployment in this European country accounted for 8.8%, while in Italy it was 11%.

Similar

ECB Key Rate is in Focus
ECB Key Rate is in Focus

ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.

What Will the Fed Decide?
What Will the Fed Decide?

The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?

Latest news

Fed’s Rate Pause and UK Inflation Slows
Fed’s Rate Pause and UK Inflation Slows

Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera