Euro Area: Unemployment rate dips in November

Euro Area Unemployment November 2023

Euro Area: Unemployment rate dips in November

The seasonally adjusted unemployment rate came in at 6.4% in November, down from October’s 6.5%.

10 economies saw their unemployment rates remain stable in November, including France and Germany. Meanwhile, six economies saw their unemployment rates decrease, including Italy, the Netherlands and Spain, while four economies saw their unemployment rates increase.

Significant disparities in labor market conditions between core and periphery countries persist. Spain is the economy with the highest unemployment rate of 11.9%, followed at some distance by Greece (9.4%). At the other end of the spectrum, Malta (2.5%) and Germany (3.1%) have the lowest unemployment rates.

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