The Eurozone (EA19) seasonally-adjusted unemployment rate was 8.1% in October 2018, stable compared with September 2018 and down from 8.8% in October 2017. This remains the lowest rate recorded in the Eurozone since November 2008, according to data from Eurostat, the statistical office of the European Union.

The EU28 unemployment rate was 6.7% in October 2018, stable compared with September 2018 and down from 7.4% in October 2017. This remains the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000.

The lowest unemployment rates in October 2018 were recorded in Czech Republic (2.2%) and Germany (3.3%). The highest unemployment rates were observed in Greece (18.9% in August 2018) and Spain (14.8%).

The largest decreases over the past year were registered in Croatia (from 10.2% to 8.1%), Greece (from 20.8% to 18.9% between August 2017 and August 2018) Spain (from 16.6% to 14.8%) and Portugal (from 8.4% to 6.7%).

Meanwhile, Eurozone annual inflation is expected to be 2.0% in November 2018, down from 2.2% in October 2018, according to a flash estimate from Eurostat.