August 2, 2023 – The latest Eurostat estimates show that the unemployment rate in Croatia increased slightly in June, while the Eurozone and the EU stagnated for the third month in a row.
In the 20-member Eurozone, the unemployment rate measured by the International Labor Organization (ILO) methodology was 6.4 percent in June and remained at the level of the previous two months, statisticians calculated, revising the data for May, as reports Index.
In the EU, it was 5.9 percent and remained at the level from April to May. Eurostat tables show that compared to last year’s June; it is lower by 0.3 percent in the Eurozone and by 0.2 percent in the EU. Statisticians estimate that 12.8 million citizens were unemployed in the EU in June, of which 10.81 million were in the Eurozone.
The monthly comparison shows that the number of unemployed in the EU decreased by two thousand in June and 62 thousand in the Eurozone. Compared to last year’s June, it is 387 thousand less in the Union and 441 thousand in the Eurozone. Spain and Greece are still the only ones with a double-digit unemployment rate, reaching 11.7 and 11.1 percent,t respectively, in June.
Malta Records Lowest Rate
In Croatia, the unemployment rate measured by the ILO methodology was 6.8 percent in June and was 0.2 percentage points higher than in the previous three months. In June 2022, it was 6.9 percent, the tables show. According to Eurostat data, 122,000 citizens were unemployed in Croatia in June, 4,000 more than in May.
Compared to the same month last year, the number decreased by four thousand, the tables show. The closest to Croatia in terms of unemployment rate in June was Estonia, where it was 6.6 percent. Malta recorded the lowest unemployment rate, at 2.6 percent. The Czech Republic and Poland are close with 2.7 percent and Germany with three percent.
In the age group up to 25 years old, the unemployment rate in the Eurozone decreased to 13.8 percent in June from 14 percent in May. In the EU, however, it increased from 14.0 to 14.1 percent. Eurostat tables show that compared to June last year; it is lower by 0.9 percentage points in the Eurozone and 0.4 percentage points in the EU.
Slovenia records lowest youth unemployment Rate
Statisticians estimate that almost 2.7 million young people were unemployed in the EU in June, of which slightly more than 2.2 million were in the Eurozone. Among the EU countries whose data Eurostat had at its disposal, the lowest youth unemployment rate was recorded in Slovenia in June, at 5.6 percent.
Germany follows with 6.1 percent, Ireland with 7.4, and the Netherlands with 8.3 percent. The highest rate in June was in Spain, where it was 27.4 percent. According to Eurostat data, it exceeded 20 percent in Greece, Sweden, and Italy. Croatia, along with Belgium, Cyprus, Slovenia, and Romania, is not obliged to submit monthly data on youth unemployment.
In the second quarter, Croatia recorded an unemployment rate of 19 percent in that age group, with 25,000 young people unemployed. The estimate for the first quarter was raised to 19.5 percent and is 2.1 percentage points higher than the Eurostat data published at the beginning of May showed. According to the Eurostat report, 26,000 young people were unemployed in the first three months of this year.
