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Croatia records biggest decline in unemployment rate in European Union

By  Oct 04, 2017

The latest data from Eurostat show that Croatia has recorded the biggest decline in the unemployment rate in the European Union at the annual level.

Among all EU member countries, only Spain ‘’scored’’ better than Croatia; it achieved the biggest drop in the unemployment rate on an annual basis with 17,1 percent in comparison to almost 20 percent in June last year.

The unemployment rate in Croatia decreased to 10,9 percent in August 2017 from 13,1 percent a year earlier. The number of unemployed persons fell to 171.351,00 from 213.340,00. In July, the unemployment rate was recorded at 10,8 percent.

In the period from 1996 to 2017, the unemployment rate in Croatia averaged 17,86 percent, reaching an all time high of 23,60 percent in January 2002 and a record low of 10,80 percent in June 2017.

According to the Eurostat’s report, the decline in unemployment rates is recorded by all EU member states, except for Estonia, where it increased to 6,9 percent in May 2017 from 6,5 percent in May last year.

The lowest unemployment rates were recorded in the Czech Republic (2,9 %), Germany (3,8%) and Malta (4,1%).