Unemployment rate in Europe falls to 6.2%
According to the latest data from Eurostat, the unemployment rate in the EU was 6.2% for people aged 15-74 and 11.3% for young people aged 15-29.
Finding a job is most difficult in France, neighbouring Luxembourg, and Spain. The Spanish regions of Ceuta (28.4%), Melilla (21.6%), Andalusia (19.0%) and the French region of Guadeloupe (18.6%) top the list.
The lowest unemployment rates among EU regions were recorded in the Czech Republic and Hungary.
The map shows that candidates in Greece, Spain, southern Italy and France have the most difficulty finding a job. And it is easiest to find a job in Germany, Austria, Poland and the Czech Republic.
And although the data are the most recent, they are statistics for the past, for 2022.
As for the Grand Duchy, Luxembourg is below the EU average and has been at 4.9% since November 2022, according to ADEM. In a modern economy, a level of 4-5% is considered the norm.
The unemployment rate is an important indicator for any economy. It is the main indicator of the labour market and shows the ratio of the employed population to the total number of people who are able to work, expressed as a percentage.
To find out which professions are most in demand in the Grand Duchy, read our article: Professions in-demand in Luxembourg
