EU: Croatia among Countries with Largest Fall in Unemployment

ZAGREB, March 2, 2018 – The unemployment rate in the European Union in January 2018 stayed the same as in December 2017, while in Croatia it continued to decrease, putting it among the member states with the biggest annual decreases, according to the latest Eurostat figures.

The EU28 seasonally-adjusted unemployment rate, based on the definition by the International Labour Organisation, was 7.3% in January 2018, the lowest recorded since October 2008, and 0.8 percentage points lower annually.

In Croatia, the unemployment rate in January slid to 9.8% from 10% in December. There were 176,000 jobless Croats in January, 4,000 fewer than in December. Year on year, the jobless rate fell by 2.4 percentage points and the number of the jobless by 47,000.

This put Croatia among the member states with the biggest annual decreases in unemployment. The largest decreases were registered in Cyprus (from 12.6% to 9.8%), Greece (from 23.3% to 20.9% between November 2016 and November 2017), Croatia (from 12.2% to 9.8%), Portugal (from 10.1% to 7.9%) and Spain (from 18.4% to 16.3%).

The lowest unemployment rates in January 2018 were recorded in the Czech Republic (2.4%), Malta (3.5%) and Germany (3.6%). The highest unemployment rates were observed in Greece (20.9% in November 2017) and Spain (16.3%).

Eurostat estimates that 17.931 million men and women in the EU28 were unemployed in January 2018. Compared with December 2017, the number of persons unemployed decreased by 19,000. Compared with January 2017, unemployment fell by 1.867 million.

In January 2018, 3.646 million young persons (under 25) were unemployed in the EU28. Compared with January 2017, youth unemployment decreased by 333,000. In January 2018, the youth unemployment rate was 16.1%, compared with 17.6% in January 2017. In January 2018, the lowest rates were observed in the Czech Republic (5.8%), Estonia (6.5% in December 2017) and Germany (6.6%), while the highest were recorded in Greece (43.7% in November 2017), Spain (36.0%) and Italy (31.5%).

In the last quarter of 2017, Croatia’s youth unemployment rate was 24.5% (40,000), down from 28.7% in January 2017.

 

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