Eurostat, the Statistical Office of the European Communities, has announced that in July this year the unemployment rate in the European Union member states (EU-28) was 6.8 percent, down from 6.9 percent in June and declining from 7.6 percent in the same month of 2017. The July figure is the lowest rate recorded in the EU-28 since April 2008.
The seasonally-adjusted unemployment rate in the euro area in July was 8.2 percent, remaining unchanged from June and down from 9.1 percent in July of the previous year. This remains the lowest rate recorded in the euro area since November 2008.
In July, the unemployment rate in the EU-28 fell in all member states, on year-on-year basis. Among the EU-28 member states, in July the lowest unemployment rates were recorded in the Czech Republic (2.3%), Germany (3.4%) and Poland (%3.5) while the highest rates were observed in Greece (19.5% in May 2018) and Spain (15.1%).
Meanwhile, in the given month the unemployment rate in the United States was 3.9 percent, up from 4.0 percent in June and declining from 4.3 percent in July 2017.