Unemployment rate falls across the EU

Unemployment

Germany is amongst the top countries across the European Union, with the lowest unemployment rates. Malta and Czech Republic are also amongst the top countries. According to the Eurostat research, all of the member countries in the EU obtained a 7.8% unemployment rate in May, 2017. This is the lowest rate since 2008, marking a 0.9% decrease in a years’ time. In addition to that, the studies found that across the EU there are approximately 19.1million unemployed people with around 15 million being Eurozone countries.

Czech Republic currently holds the first rank with the lowest unemployment rate and Germany the second. Furthermore, the largest declines were in Spain, Ireland and Croatia.

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