MOSCOW (Sputnik) – The euro area unemployment rate was 9.1 percent in July 2017, which is the lowest unemployment rate recorded in the Eurozone since February 2009, a report published Monday by EU statistical office eurostat said.
July's unemployment rate was the same as in the previous month and down compared to 10 percent in July 2016.
"The EU28 unemployment rate was 7.7% in July 2017, stable compared to June 2017 and down from 8.5% in July 2016. This remains the lowest rate recorded in the EU28 since December 2008," the report added.
With regard to individual unemployment rates within the euro area, the lowest for last month were in the Czech Republic (2.9 percent), Germany (3.7 percent) and Malta (4.1 percent), while the highest were recorded in Greece (21.7 percent) and Spain (17.1 percent).
In July 2017, 3.8 million people under the age of 25 were unemployed in the European Union, with about 2.7 million of them in the euro area.