The unemployment rate in the European Union fell to its lowest level in more than 19 years, Eurostat announced Monday, and it was necessary to pay attention to the superiority of Eastern European countries over their Western counterparts in unemployment rates.

According to the EU's official statistics agency, unemployment in the EU stood at 6.2 percent in August, down from 6.7 percent in August 2018.

"This is the lowest rate recorded in the EU since the start of the EU monthly series in January 2000," Eurostat said in a statement.

Unexpectedly, the Czech Republic ranked first with the lowest unemployment rate at just 2 percent, followed by Germany at 3.1 percent and Malta at 3.3 percent.

Greece was the worst-ranked last, with a high unemployment rate of 17 percent, followed by Spain with 13.5 percent.

In comparison, the unemployment rate in the US reached 3.7 percent, comparable to that of Germany.

The great development witnessed by Eastern European countries was reflected in the low unemployment rate in those countries, which surpassed the Western European countries in the classification.

Six countries from Eastern Europe came in the top ten in the EU list: the Czech Republic, Poland, Hungary, Romania, Bulgaria and Estonia.

The top ten included four Western European countries - Germany, Malta, the Netherlands and Britain.

Western Europe ranked the "worst 5" in terms of unemployment: Greece, Spain, Italy, France and Sweden.

Source Sky News

Rate this item
(0 votes)

About us

 Castle Journal is an international newspaper with daily electronic edition, received the international license by the United Kingdom number 10675, and accredited by the Egyptian Embassy in London, owned by Abeer Almadawy

Castle Journal expresses on the free and human voice specialized in the diplomatic, cultural and scientific media, it is eager to create a close relationship with the readers, who is our priority and considers them a true partner.

Castle Journal holds all the permits for practicing its duties of journalism in all countries of the world and the international organizations