Croatia among EU members with steepest unemployment decrease in July

In July 2016, Croatia was among the European Union member states with the steepest annual unemployment decline, alongside Cyprus and Spain, the EU statistical office Eurostat said on Wednesday.

Croatia's seasonally-adjusted unemployment rate in July, according to the International Labour Organisation (ILO) definition, was 13.2%, the same as in June. This was down 3.3 percentage points from July 2015.

Cyprus's unemployment in July 2016, at 11.6%, was down 3.4 pp on the year, while Spain's, at 19.6%, was down 2.3 pp.

According to Eurostat data, 241,000 Croatians were out of work in July 2016, 2,000 fewer on the month and 73,000 on the year.

Croatia's unemployment rate in July 2016 remains among the highest in the EU, alongside Greece's, 23.5% in May and Spain's, 19.6% in July. The lowest unemployment rate was recorded in Malta (3.9%), the Czech Republic and Germany (4.2% each).

The EU28 unemployment rate was 8.6% in July 2016, the lowest since March 2009, down from 9.4% in July 2015. Eurostat estimates that 21.063 million men and women in the EU28, of whom 16.307 million in the euro area, were unemployed in July 2016. Compared with July 2015, unemployment fell by 1.688 million
in the EU28 and by 1.034 million in the euro area.

In July 2016, the youth unemployment rate was 18.8% in the EU28 and 21.1% in the euro area, compared with 20.2% and 22.1% respectively in July 2015. In July 2016, 4.276 million young persons (under 25) were unemployed in the EU28, of whom 2.969 million in the euro area. Compared with July 2015, youth unemployment decreased by 310,000 in the EU28 and by 136,000 in the euro area. In July 2016, the lowest rates were observed in Malta (7.1%) and Germany (7.2%), and the highest in Greece (50.3% in May 2016), Spain (43.9%) and Italy (39.2%).

Eurostat did not have Croatia's youth unemployment data for July. In its latest report, it lowered its estimate of youth unemployment by 0.6 pp to 29.5% in Q2.

Last update: Wed, 31/08/2016 - 15:37

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