EU Unemployment Rates, November 2019

Jan 10, 2020
Unemployment Rate in EU States

The chart above shows the unemployment rate in each EU state as of November 2019 (unless otherwise noted - see caveats below), the change from the previous month, and the rate one year prior.  Czechia continues to be the only state with an unemployment rate below three percent.

Findings

  • The difference between the state with the lowest unemployment rate, Czechia, and the state with the highest, Greece, is 13.80 percentage points (down from 14.30 last month and down from 15.70 last year).  Czechia and Greece had the lowest and highest rates respectively both last month and last year.
  • Greece has 7.57 times the unemployment rate that Czechia does.  The ratio of highest rate to lowest rate was up from 7.50 last month and down from 9.26 last year.
  • The median unemployment rate in the 28 EU states is 5.00 (down from 5.05 the previous month and down from 5.35 last year) and the mean 5.89 (up from 5.78 the previous month and down from 6.20 last year).
  • Seven states did not see a change in their unemployment rate from the previous month, nine saw an improvement, and 12 states saw their rate increase.
  • Two states saw no change in their unemployment rate from last year, 20 saw an improvement, and six states saw their rate increase.

Caveats

  • Data is from November 2019 except for Estonia and Hungary which are from October 2019 and Greece and the United Kingdom which are from September 2019 (previous month and year rates also reflect the respective one and two month delay).
  • Data may conflict with previous month's report as statistical agencies make updates to the rates over the course of the month.
  • All figures are rounded to the nearest hundredth.

Details

In absolute terms, Austria had the greatest improvement over the previous month dropping 0.7 percentage points.  Cyprus had the biggest spike in its rate rising 2.8 percentage points.  Year over year, Greece had the greatest improvement with a 1.7 percentage point drop while Sweden had the greatest deterioration with a 1.0 percentage point rise in the unemployment rate.

In relative terms, Austria had the greatest improvement over the previous month with a 15.56% drop in its rate while Cyprus had the biggest deterioration with a 47.46% rise in its rate.  Year over year, Bulgaria had the greatest improvement with a 21.74% drop in its rate while Sweden had the greatest deterioration with a 17.24% rise in its rate.

Nine EU states have an unemployment rate below four percent (up from eight last month, up from six last year) which traditionally has placed inflationary pressure on wages.  Fourteen have a rate between four and eight percent (down from 16 last month, down from 17 last year), and five have a rate above eight percent (up from four last month, same as five last year).

Finland (from 22th lowest unemployment rate to 18th lowest) bested four states over the course of the month.  On the flip side, Cyprus (from 18th to 24th) was bested by six states.  Year-over-year, Bulgaria (from 11th to 7th) surpassed four states surpassed four.  Conversely, Slovenia (from 7th to 12th) was bested by five states.

Data

StateLast YearPrevious RateLatest Rate
Austria4.34.53.8
Belgium5.75.15
Bulgaria4.63.53.6
Croatia86.66.9
Cyprus8.25.98.7
Czechia1.92.22.1
Denmark5.155
Estonia5.14.24
Finland6.26.25.9
France9.18.68.7
Germany3.233.1
Greece17.616.515.9
Hungary3.63.53.5
Ireland5.44.74.6
Italy10.91010.1
Latvia6.866.2
Lithuania5.85.96.3
Luxembourg5.35.35.4
Malta3.63.53.5
Netherlands3.53.53.5
Poland3.83.23.2
Portugal6.86.56.8
Romania4.23.94
Slovakia6.15.85.8
Slovenia4.24.64.4
Spain14.514.214.2
Sweden5.866.8
United Kingdom4.243.9

Sources

Eurostat.  2019.  "Unemployment by Sex and Age - Monthly Average."  Accessed January 10, 2019.  https://appsso.eurostat.ec.europa.eu/nui/show.do?query=BOOKMARK_DS-055624_QID_15D52FEF_UID_-3F171EB0&layout=TIME,C,X,0;GEO,L,Y,0;S_ADJ,L,Z,0;AGE,L,Z,1;UNIT,L,Z,2;SEX,L,Z,3;INDICATORS,C,Z,4;&zSelection=DS-055624SEX,T;DS-055624UNIT,PC_ACT;DS-055624S_ADJ,SA;DS-055624AGE,TOTAL;DS-055624INDICATORS,OBS_FLAG;&rankName1=UNIT_1_2_-1_2&rankName2=AGE_1_2_-1_2&rankName3=INDICATORS_1_2_-1_2&rankName4=SEX_1_2_-1_2&rankName5=S-ADJ_1_2_-1_2&rankName6=TIME_1_0_0_0&rankName7=GEO_1_2_0_1&sortC=ASC_-1_FIRST&rStp=&cStp=&rDCh=&cDCh=&rDM=true&cDM=true&footnes=false&empty=false&wai=false&time_mode=NONE&time_most_recent=false&lang=EN&cfo=%23%23%23%2C%23%23%23.%23%23%23.

Filed under: Charts and Graphs