January the 10th, 2025 – Unemployment across the Eurozone currently stands at 6.3%, while the Croatian unemployment rate is at a significantly lower 4.5%.
As Poslovni Dnevnik writes, the unemployment rate across the Eurozone was stable in November 2024. When it comes to the Croatian unemployment rate, it decreased slightly again. It actually ended up slipping even deeper below the European average, a Eurostat report showed on Tuesday. Measured by the methodology of the International Labour Organisation (ILO), unemployment across the Eurozone was 6.3 percent in November, the same as in October.
It was lower by 0.2% compared to November 2023. There was no change compared to mid-autumn in the EU either, where the unemployment rate remained at 5.9 percent. In November 2023, it stood at 6.1 percent. Eurostat estimates that in November, almost 13 million people were unemployed across the EU, of which 10.82 million were located in the Eurozone.
The monthly comparison shows that the number of unemployed people in the Eurozone decreased by 39,000 in November, and in the EU by 16,000. Looking at the situation on an annual basis, unemployment decreased by 333,000 in the Eurozone and by 295,000 in the whole of the EU. In November, only Spain recorded a double-digit unemployment rate, of a worrying 11.2%.
Nearby Greece was again the closest to Spain, with an unemployment rate of 9.6%. Finland and Sweden followed, with 8.7% and 8.5%, respectively. The Croatian unemployment rate measured by the ILO methodology in November 2024 was 4.5%. That’s 0.1% lower than it was back in October.
Looking solely at the Croatian unemployment rare, 80,000 people were registered as being unemployed in November. That’s 1,000 fewer than in October. Compared to November 2023, the number of registered unemployed people in Croatia had decreased by 19,000. Neighbouring Hungary also recorded the same unemployment rate as Croatia in November, and Cyprus came close, with 4.4%.
The Czech Republic again recorded by far the lowest unemployment rate, at 2.8%. Malta and Poland followed with a rate of 3% each, and Germany is close with 3.4%.
In the age group up to 25, the unemployment rate in the Eurozone was 15% in November, the same as in October. Compared to the same month back in 2023, that’s 0.4% higher. In the EU, it stood at 15.3% and was 0.1% higher than in October. Back in November last year, it stood at 14.8%.
Statisticians estimate that in November, there were slightly more than three million young people lacking employment in the EU, of which over 2.4 million were residents of the Eurozone. Compared to the same month last year, the number of unemployed young people increased by 101,000 in the Eurozone and by 159,000 in the EU as a whole.
