Eurozone unemployment rate remained at 7.5% in August, as expected

According to the report from Eurostat, the euro area (EA19) seasonally-adjusted unemployment rate was 7.5% in July 2019, stable compared with June 2019 and down from 8.1% in July 2018. This remains the lowest rate recorded in the euro area since July 2008.

The EU28 unemployment rate was 6.3% in July 2019, stable compared with June 2019 and down from 6.8% in July 2018. This remains the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000.

Eurostat estimates that 15.613 million men and women in the EU28, of whom 12.322 million in the euro area, were unemployed in July 2019. Compared with June 2019, the number of persons unemployed increased by 27 000 in the EU28 and decreased by 16 000 in the euro area. Compared with July 2018, unemployment fell by 1.093 million in the EU28 and by 898 000 in the euro area.

In July 2019, 3.195 million young persons (under 25) were unemployed in the EU28, of whom 2.245 million were in the euro area. Compared with July 2018, youth unemployment decreased by 167 000 in the EU28 and by 149 000 in the euro area. In July 2019, the youth unemployment rate was 14.3% in the EU28 and 15.6% in the euro area, compared with 15.0% and 16.7% respectively in July 2018.