Icon
Come back

1 min

15 Oct. 2023

20534

Which country in Europe has the lowest unemployment rate: latest Eurostat data

Work
Finance
Czech Republic
Which country in Europe has the lowest unemployment rate: latest Eurostat data

The Czech Republic ranks first among the European Union countries in terms of employment. Learn more about the criteria used to determine the unemployed and employment statistics in the European Union

An insurance policy is a guarantee of your safety and peaceful stay outside of Ukraine
An insurance policy is a guarantee of your safety and peaceful stay outside of Ukraine
BUY


The latest data marks the Czech Republic as a leader among European countries in terms of employment. The European Commission conducted an analysis and noted that the Czech Republic currently has the lowest unemployment rate among all EU countries. 


Here is a look at other European countries with low unemployment rates according to Eurostat.


Low unemployment in Europe: details


The International Labor Organization defines the unemployed as those who meet the following criteria:


• Age from 15 to 74 years;

• Unemployment;

• Willingness to start work within two weeks;

• Active attempts to find a job within four weeks.


The unemployment rate is calculated as a percentage of the number of unemployed persons out of the total labor force, i.e. all able-bodied persons in the country aged 15 to 74.




Visit Ukraine on social media: Telegram | YouTube | Instagram | Facebook | Twitter | TikTok




According to statistics, the unemployment rate in the Czech Republic is 2.5%, which corresponds to 131 thousand people. This is the lowest rate among EU countries. Malta is next in the ranking with an unemployment rate of 2.7%, followed by Germany with 3%.


The highest unemployment rate is observed in Spain, where it is 11.5%. In Greece, this figure reaches 10.9%, and in Sweden and Estonia - 7.6%.


The average unemployment rate in the European Union is 5.9%, which is almost 13 million people.


The level of employment of young people under the age of 25 in Europe was studied separately. The lowest unemployment rate among young people was recorded in Germany - 5.7%. The Czech Republic ranks second with an unemployment rate of 8.5%, followed by Lithuania (8.6%) and the Netherlands (8.7%).


A large number of vacancies in the Czech labor market are available in various fields, from construction to IT. 


The greatest demand for workers exists in the fields of construction, drivers, manufacturing, and information technology. Programmers, cybersecurity specialists, and data analysts are in greatest demand. The market also has a large number of vacancies for teachers, doctors, and other professionals.


We remind you! Apartment renters in Europe are facing an acute shortage of supply on the market, while prices for existing housing have risen to record highs. Find out where housing prices are currently rising the most and how much it costs to rent an apartment in a big city. 


Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.




Our recommendation for a safe and comfortable trip: 


Visit Ukraine Insurance - insurance for a safe stay abroad without unnecessary expenses;

Green Card - compulsory car insurance for traveling abroad;

Visit Ukraine Tickets - book tickets for buses, trains, and airplanes to/from Ukraine and between cities around the world;

Private Lawyer service - professional legal support on visa and migration issues;

Visit Ukraine Merch - buy patriotic clothing and accessories with worldwide delivery.




© 2018-2023, Visit Ukraine. Use, copying or reprinting of materials on this site is permitted only with a link (hyperlink for online publications) to Visit Ukraine.

All rights reserved.

Recommended articles

1 min

Travel The number of flight delays in Europe has increased by 400%: what is the reason?

The number of flight delays in Europe has increased by 400%: what is the reason?

Airlines for Europe (A4E), an EU airline association representing 70% of European carriers, has released a report showing that the number of flight delays in the European Union has increased by more than 400% compared to previous years. Find out more about the reasons for this

13 Oct. 2023

More details

2 min

Lifehacks What will happen to the Internet in winter: have operators prepared for outages

What will happen to the Internet in winter: have operators prepared for outages

The Ukrainian energy system has not yet recovered from last year's shelling, and russia is already preparing new attacks. We tell you whether Ukrainian operators are ready for power outages and what will happen to the Internet in winter

14 Oct. 2023

More details

2 min

Popular Which Ukrainian companies are among the top 50 most expensive brands?

Which Ukrainian companies are among the top 50 most expensive brands?

Ukrainian companies continue to develop their brands and gain a place in the global market. Learn more about the results of MPP Consulting's research on the value of the most expensive Ukrainian brands

14 Oct. 2023

More details

1 min

Travel Where will flights be canceled in October in Europe due to strikes?

Where will flights be canceled in October in Europe due to strikes?

This month, those traveling to Europe should check the status of their flights before departure, especially those planning to travel to France and Spain. Find out more about where there is a risk of strike-related flight cancellations in October

14 Oct. 2023

More details