EU Unemployment Rates, July 2020

Sep 9, 2020
Unemployment Rate in EU States

The chart above shows the unemployment rate in each EU state as of July 2020 (unless otherwise noted - see caveats below), the change from the previous month, and the rate one year prior.  Czechia is the only state with an unemployment rate below three percent.

Findings

  • The difference between the state with the lowest unemployment rate, Czechia, and the state with the highest, Greece, is 14.30 percentage points (up from 13.10 last month and down from 15.20 last year).  Czechia had the lowest rate both last month and last year.  Spain had the highest rate last month while Greece had the highest rate last year.
  • Greece has 6.30 times the unemployment rate that Czechia does.  The ratio of highest rate to lowest rate was up from 5.85 last month and down from 8.60 last year.
  • The median unemployment rate in the 28 EU states is 6.40 (up from 6.30 the previous month and up from 5.20 last year) and the mean 6.92 (up from 6.80 the previous month and up from 5.99 last year).
  • Six states saw no change in the unemployment rate from the previous month, eight saw an improvement, and 14 states saw the rate increase.
  • Three states saw no change in the unemployment rate from last year, five saw an improvement, and 20 states saw the rate increase.

Caveats

  • Data is from July 2020 except for Estonia and Hungary which are from June 2020 and Greece and the United Kingdom which are from May 2020 (previous month and year rates also reflect the respective one and two month delay).
  • Data may conflict with previous month's report as statistical agencies make updates to the rates over the course of the month.
  • All figures are rounded to the nearest hundredth.

Details

In absolute terms, Cyprus had the best performance over the previous month dropping 0.5 percentage points.  Greece had the worst performance rising 1.3 percentage points.  Year over year, France had the best performance with a 1.6 percentage point drop while Estonia had the worst performance with a 3.3 percentage point rise in the unemployment rate.

In relative terms, Cyprus had the best performance over the previous month with a 6.76% drop in its rate while Estonia had the worst performance with a 14.29% rise in its rate.  Year over year, France had the best performance with a 18.82% drop in its rate while Estonia had the worst performance with a 70.21% rise in its rate.

Three EU states have an unemployment rate below four percent (same as three last month, down from seven last year) which traditionally has placed inflationary pressure on wages.  Seventeen have a rate between four and eight percent (down from 18 last month, same as 17 last year), and eight have a rate above eight percent (down from seven last month, up from four last year).

Cyprus (from 19th lowest unemployment rate to 16th lowest) and Luxembourg (from 21st to 18th) each bested three states over the course of the month.  On the flip side, the Netherlands (from 4th to 7th), Estonia (from 17th to 20th), and Portugal (from 18th to 21st) were each bested by three states.  Year-over-year, France (from 25th to 16th) surpassed nine states.  Conversely, Estonia (from 11th to 20th) was bested by nine states.

Data

StateLast YearPrevious RateLatest Rate
Austria4.55.45.2
Belgium5.35.55.5
Bulgaria44.44.4
Croatia6.68.88.6
Cyprus77.46.9
Czechia22.72.7
Denmark4.766
Estonia4.778
Finland6.97.67.8
France8.56.66.9
Germany34.34.4
Greece17.215.717
Hungary3.54.84.9
Ireland5.14.65
Italy9.79.39.7
Latvia6.48.99
Lithuania6.48.89
Luxembourg5.77.77.3
Malta3.64.34.1
Netherlands3.44.34.5
Poland3.23.33.2
Portugal6.57.38.1
Romania45.35.4
Slovakia5.86.66.8
Slovenia4.84.84.7
Spain14.315.815.8
Sweden7.19.29.2
United Kingdom3.83.93.8

Sources

Eurostat.  2020.  "Unemployment by Sex and Age - Monthly Average."  Accessed September 9, 2020.  https://appsso.eurostat.ec.europa.eu/nui/show.do?query=BOOKMARK_DS-055624_QID_-48B4C3BD_UID_-3F171EB0&layout=TIME,C,X,0;GEO,L,Y,0;S_ADJ,L,Z,0;AGE,L,Z,1;UNIT,L,Z,2;SEX,L,Z,3;INDICATORS,C,Z,4;&zSelection=DS-055624SEX,T;DS-055624UNIT,PC_ACT;DS-055624S_ADJ,SA;DS-055624AGE,TOTAL;DS-055624INDICATORS,OBS_FLAG;&rankName1=UNIT_1_2_-1_2&rankName2=AGE_1_2_-1_2&rankName3=INDICATORS_1_2_-1_2&rankName4=SEX_1_2_-1_2&rankName5=S-ADJ_1_2_-1_2&rankName6=TIME_1_0_0_0&rankName7=GEO_1_2_0_1&sortC=ASC_-1_FIRST&rStp=&cStp=&rDCh=&cDCh=&rDM=true&cDM=true&footnes=false&empty=false&wai=false&time_mode=NONE&time_most_recent=false&lang=EN&cfo=%23%23%23%2C%23%23%23.%23%23%23.

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