Unemployment in the European Union declined to the lowest point in over three decades

Last year, the European Union's population experienced its lowest unemployment rate in over thirty years.

The chart shows that unemployment rates were above 10% in the mid-1990s and early 2010s. The rate has steadily declined since its peak in 2013, nearly halving over the past ten years.

Unemployment refers to individuals who are available for and actively seeking work but cannot find employment. It differs from economic inactivity, which includes people who are neither working nor actively looking for work.