Unemployment rate stable in EU and Euro zone

Unemployment rate stable in EU and Euro zone

Unemployment rate in the European Union and Euro zone remained stable at 9% in August compared to July, according to the data released by the EU statistics institution Eurostat. On a 12-month basis, unemployment rate rose by 0.1 percentage points in Euro zone while decreasing by the same amount in 25 member states of European Union. The lowest level of unemployment rate was recorded in Luxembourg with 4.3% and Ireland with 4.4%. The highest levels were registered in Poland with 18.7%, Slovakia with 15.7% and Lithuania with 11%, all of which joined the EU on May 1.