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Eurostat: Largest y-o-y decrease in unemployment rate in Croatia

01.06.2017  13:31
The European Union's unemployment rate was 7.8% in April 2017 compared to 7.9% in March, thus hitting a record low since the late 2008, and Croatia's unemployment rate fell from 11.3% in March to 11% in April, according to figures released by the EU statistical office Eurostat.

Thus, Croatia experienced the largest decline in unemployment rate year on in comparison to other EU member-states, given that the jobless rate this April declined by 2.7 percentage points from April 2016.

"Compared with a year ago, the unemployment rate in April 2017 fell in twenty-seven Member States and remained stable in Finland. The largest decreases were registered in Croatia (from 13.7% to 11.0%), Spain (from 20.4% to 17.8%) and Ireland (from 8.4% to 6.4%)," Eurostat reported.

This April, 197,000 Croatian citizens were jobless, lower by 5,000 from March.

The lowest unemployment rate this April was registered in the Czech Republic, 3.2%, and was followed by Germany 3.9% and Malta 4.1%.

The highest rate was registered in Greece, 23.2%, and this was the data from February.

"The euro area (EA19) seasonally-adjusted unemployment rate was 9.3% in April 2017, down from 9.4% in March 2017 and down from 10.2% in April 2016. This is the lowest rate recorded in the euro area since March 2009. The EU28 unemployment rate was 7.8% in April 2017, down from 7.9% in March 2017 and from 8.7% in April 2016. This is the lowest rate recorded in the EU28 since December 2008."

Source: HINA