Eurostat, the EU statistics authority, reports that the euro area (EA19) seasonally adjusted unemployment rate was 10.1 percent in August 2016, stable compared to July 2016 and down from 10.7 percent in August 2015. This remains the lowest rate recorded in the euro area since July 2011. The EU28 unemployment rate was 8.6 percent in August 2016, stable compared to July 2016 and down from 9.3 percent in August 2015. This remains the lowest rate recorded in the EU28 since March 2009.
Greece remains the “champ” of joblessness with the highest unemployment rates in the EU. In June 2016, the Greek unemployment rate was at 23.4 percent, ahead of Spain (19.5 percent). In Cyprus, the unemployment rate fell from 14.7 percent to 12.1 percent. The member states with the lowest unemployment rates in August 2016 were recorded in the Czech Republic (3.9 percent) and Germany (4.2 percent).
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