EU: Croatia in a group of countries with the highest unemployment rates

The seasonally-adjusted unemployment rate in Croatia rose in October on the month, while in the European Union it stayed at the lowest level in the last six years, shows a report released by the EU's statistical office Eurostat on Tuesday.

The seasonally-adjusted unemployment rate in Croatia, established in line with the International Labour Organisation (ILO) methodology, was 15.8% in October, up 0.3 percentage points compared to September, show Eurostat data. Compared to October 2014, the unemployment rate was down 1.8 percentage points.

Eurostat data show that 295,000 Croatians were out of work in October, 1,000 more than in the previous month. Compared to October 2014, there were 38,000 fewer unemployed Croatians

Croatia thus remains in a group of countries with the highest seasonally adjusted unemployment rates measured by ILO methodology. The group is led by Greece, with an unemployment rate of 24.6% in August, followed by Spain with an unemployment rate of 21.6%.

The lowest unemployment rate in October in the EU was reported by Germany, 4.5%. It is followed by the Czech Republic with 4.7% and Malta with 5.1%.

Croatia is also in a group of countries with a significant annual decline in unemployment, of 1.8 percentage points, the same as in Ireland. The unemployment rate went down the most in Spain, by 2.3 percentage points, and in Slovakia, by two percentage points.

The seasonally-adjusted unemployment rate in the whole of the EU remained in October at the lowest level in more than six years, at 9.3%. October was the third consecutive month to see that same unemployment rate in the EU. In October 2014 it was 10.1%.

The youth unemployment rate in the EU was 20%, down 1.7 percentage points compared to October 2014. The October 2015 youth unemployment rate was the same as in July, after in August and September it dropped briefly to 19.9%.

There were 4.53 million young people without a job in the EU28 in October, including 3.148 million in the euro area. This was an annual drop of 466,000 jobless young people in the EU and of 191,000 in the euro area.

The countries with the highest youth unemployment rates were Greece, with the August youth unemployment rate of 47.9%, followed by Spain, with a rate of 47.7%, Croatia, with 43.1% in Q3, and Italy, with 39.8%.

The lowest youth unemployment rates in October were reported by Germany, Austria, Denmark and the Netherlands, and they ranged from 7.1% to 11.6%.

Last update: Fri, 24/06/2016 - 08:49

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