202310.20
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EU Countries with the Lowest Unemployment Rate

by in Business, Economy

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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%.

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.