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Latvia’s unemployment level was seventh highest in EU in December

Photo: pixabay.com.
In December 2017, Latvia’s unemployment level was 8.1%, which was the seventh highest index among European Union member states for which data is available, as reported by Eurostat.

According to data from the statistical agency, unemployment levels higher than Latvia’s were registered in Spain – 16.4%, Cyprus – 11.3%, Italy – 10.8%, Croatia – 10%, France – 9.2%, and Finland – 8.7%.

Unemployment levels were low in the Czech Republic (2.3%), Germany and Malta (3.6% in both).

Lithuania’s unemployment level was 7.1% in December.

The average unemployment level in the EU, according to seasonally adjusted data, was 7.3% – unchanged since November and on the lowest level since October 2008. In December 2016, unemployment level in the EU was 8.2%.

The average level of unemployment in 19 member states of Eurozone was 8.7% in December (9.7% in December 2016).

Eurostat’s estimates show that there were 17,961 million unemployed people in member states in December. 14,137 million of them were in Eurozone member states. Compared with November, the number of unemployed people has declined by 165,000 in the EU and 134,000 in Eurozone. Compared with December 2016, the number of unemployed people has declined by 2.066 million in the EU and 1,536 million in Eurozone.

Over the course of the year, unemployment declined in all EU member states for which data is available, except Finland, where unemployment level remained unchanged. The largest unemployment decline amount member states was noted in Croatia, where it declined from 12.5% to 10% and Portugal, where the decline was 10.2% to 7.8%.

Data is not available for Estonia, Greece, United Kingdom and Hungary.


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