Unemployment is rising in Europe

The EU unemployment rate rose to 7.4 percent in August, according to Eurostat data. By the end of summer, 15 million 600 thousand people in 27 EU countries lost their jobs.

In 19 countries where the single European currency is circulating, the number of unemployed is growing even faster. By the end of August there were 8.1 percent of the working population unemployed. Unemployment is highest among young people under 25 years of age, in the EU as a whole – 17.4%, in the Eurozone – 17.8%.

Of the EU countries, Greece has the highest unemployment rate at 18 percent and Spain at 16 percent. Unemployment is lowest in the Czech Republic and Poland, at around 3 percent. Next in the top five are Malta, Germany and the Netherlands.