Malta with one of the lowest unemployment rates – Eurostat

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Malta’s unemployment rate, in December 2019, rested at half the average of the EU28 and the Euro Area 19. The euro area (EA19) seasonally-adjusted unemployment rate was 7.4% in December 2019 while the EU28 unemployment rate was 6.2% in December 2019.

Malta – among lowest for unemployment

Eurostat reported that among the Member States, the lowest unemployment rates in December 2019 were recorded in Czechia (2.0%) as well as in Germany and the Netherlands (both 3.2%). The highest unemployment rates were observed in Greece (16.6% in October 2019) and Spain (13.7%).

Compared with a year ago, the unemployment rate fell in 21 Member States, remained stable in Denmark, while it increased in Cyprus (from 7.4% to 7.6%), Slovenia (from 4.4% to 4.6%), Lithuania (from 5.8% to 6.1%), Portugal (from 6.6% to 6.9%), Luxembourg (from 5.2% to 5.6%)and Sweden (from 6.5% to 6.9%). The largest decreases were registered in Greece (from 18.5% to 16.6% between October 2018 and October 2019), Bulgaria (from 4.7% to 3.7%) and Croatia (from 7.3% to 6.4%).

In December 2019, the unemployment rate in the United States was 3.5%, stable compared with November 2019 and down from 3.9% in December 2018.

Eurostat estimates that 15.475 million men and women in the EU28, of whom 12.251 million in the euro area, were unemployed in December 2019. Compared with November 2019, the number of persons unemployed decreased by 80 000 in the EU28 and by 34 000 in the euro area. Compared with December 2018, unemployment fell by 747 000 in the EU28 and by 592 000 in the euro area.