Eurozone unemployment rate dropped to 7.4% in August, down from 7.5% and beat expectation of 7.5%. That’s also the lowest level since May 2008, and an extension of the sustained down trend from 11.5% since August 2014. EU28 unemployment rate also dropped to 6.2%, down from 6.3%.
Among the Member States, the lowest unemployment rates in August 2019 were recorded in Czechia (2.0%) and Germany (3.1%). The highest unemployment rates were observed in Greece (17.0% in June 2019) and Spain (13.8%).
