Eurostat, the Statistical Office of the European Communities, has announced that in October this year the unemployment rate in the European Union member states (EU-28) was 6.7 percent, remaining unchanged from September and declining from 7.4 percent in the same month of 2017. The October figure is the lowest rate recorded in the EU-28 since January 2000.
The seasonally-adjusted unemployment rate in the euro area in October was 8.1 percent, remaining unchanged from September and down from 8.8 percent in October of the previous year. This remains the lowest rate recorded in the euro area since November 2008.
In October, the unemployment rate in the EU-28 fell in all member states, on year-on-year basis. Among the EU-28 member states, in October the lowest unemployment rates were recorded in the Czech Republic (2.2%) and in Germany (3.3%), while the highest rates were observed in Greece (18.9% in August 2018) and Spain (14.8%).
Meanwhile, in the given month the unemployment rate in the United States was 3.7 percent, remaining stable from the previous month and decreasing from 4.1 percent in October 2017.