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Malta registers the third lowest unemployment rate within the EU

07.09.2017

Malta has once again recorded the third lowest employment rate amongst EU Member States. With a rate of 4.1%, Malta was only surpassed by Germany with 3.8% and the Czech Republic with 2.9% rate of unemployment. The highest rates recorded were those from Greece at 21.7% and although it has recorded the largest decrease from 19.9%, Spain still has one of the highest rates with 17.1%.

According to published data, the EA19’s seasonally-adjusted unemployment rate has recorded a new minimum since February 2009. Unemployment rate as at June 2017 was recorded to be 9.1%, which is a substantial improvement from the 10.1% recorded in the previous 12 months. This improvement was also recorded for the EU28 unemployment rate down from 8.6% in June 2016 to 7.7% in 2017.

Throughout the EU, the rate of unemployment went down amongst all Member States apart from Estonia which recorded an increase of 0.4% within 12 months.

Eurostat compared the above rates against the unemployment rate in the United States of America which was at 4.4% in June 2017, an increase of 0.1% from the previous month.

The study continues to explore unemployment rates among youths across the EU28 countries where 3.710 million youths under the age of 25 years were still unemployed, of whom 2.588 million were found in the euro area thus registering a youth unemployment rate of 16.7% throughout all the EU28 countries and an 18.7% rate in the eurozone. When compared with the previous year, youth unemployment was found to have decreased by 586,000 throughout the EU28 and by 399,000 throughout the eurozone. The lowest rate registered was at 6.7% in Germany and the highest was recorded in Greece at 45.5%.