By the end of March, the unemployment rate in the Eurozone fell 0.1 percent reached 8.1 percent from the previous month, according to the European Union's statistics center. At the EU level, the rate fell 0.1 percent to 7.3 percent from a month earlier. It is the lowest unemployment rate in the EU in the last three months.
It is estimated that 15 million and 520 thousand men and women will be unemployed in the European Union by the end of this month, of which 13 million and 166 thousand have been residents of the euro area. Compared to the previous month, the number of unemployed people in the European Union has decreased by 237 thousand people and in the euro area by 209 thousand people.
Spain had the highest unemployment rate at 15.3% among the member states, followed by Italy at 10.1% and Sweden at 9.1%. Poland has the lowest unemployment rate at 3.1 percent, followed by the Czech Republic at 3.2 percent and the Netherlands at 3.5 percent.
The unemployment rate during this period was 5.8 percent in Belgium and 7.9 percent in France. Among non-EU countries, Iceland has an unemployment rate of 7.2%.
As of the end of this month, 2,951,000 young people under the age of 25 were unemployed in the European Union, of which 2,373,000 were residents of the euro area. Compared to the same period last month, the youth unemployment rate fell by 0.2% in the EU and by 0.1% in the euro area.
The euro area includes 19 countries: Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. They use Euro as their currency. The European Union also has 27 members, including 19 Eurozone member states plus Bulgaria, Hungary, Poland, Denmark, Sweden, Croatia, the Czech Republic and Romania.