EU Countries with the Lowest Unemployment Rate

According to Eurostat, the Czech Republic has the lowest unemployment rate among the EU countries. The average level of unemployment in the EU is 5.9%, and in the USA – 3.8%.

The Brief Stats of Lowest Unemployment Rate in Europe:

Eurostat has conducted a separate study on the employment situation of young people under 25 years. Germany has the lowest youth unemployment rate at 5.7%, followed by the Czech Republic at 8.5%, Lithuania at 8.6% and the Netherlands at 8.7%.

The highest youth unemployment rate is in Spain – 26.8%, followed by Estonia – 23.5%, Greece – 22.5% and Italy – 22%. By comparison, the average unemployment rate for European youth under 25 is 14%.

Eurostat also tracks differences in employment rates between men and women.

For example, in the Czech Republic, 3.1% of women and 2.1% of men are unemployed. The most striking difference is in Greece – 14.4% of women are unemployed and 8.2% of men, in Spain – 13.1% of women and 10% of men are unemployed. The overall figure in the EU is as follows: 6.2% of women and 5.7% of men were unemployed in August 2023.