Thursday, November 30, 2023

The eurozone unemployment rate rose by a tenth, to 6.5%

The unemployment rate in the eurozone stood at 6.5% last September, one tenth more, thus moving from its lowest level in the entire historical series, while in the whole European Union remained at 6%, according to data published by Eurostat.

In this way, the unemployment rate in the eurozone is close to one percentage point below the pre-pandemic level, since in February 2020 unemployment in the countries of the euro was 7.3%.

The European statistical office estimated that 13.026 million people were unemployed in the EU in September, of which 11.017 million were in the euro zone.

This represents a monthly increase of 95,000 unemployed in the EU and 69,000 in the eurozone. Compared to the ninth month of 2022, unemployment decreased by 126,000 people in the EU and by 212,000 in the euro zone.

Among the Twenty-Seven, the highest unemployment rate corresponds to Spain, with 12%; Greece, with 10%; and Sweden, with 8.1%. In contrast, the lowest unemployment figure was observed in the Czech Republic, with 2.7%; Malta and Poland, both with 2.8%; and Germany, with 3%.

In the case of those under 25, the unemployment rate in the euro zone rose by a tenth in September to 14%, while in the EU as a whole the figure also rose by a tenth, to 14.2%. month.

In absolute terms, the number of unemployed young people in the EU reached 2,741 million people, of which 2,232 million correspond to the eurozone.

In the case of Spain, in September 2023 there will be 2,891 million unemployed people, of which 487,000 are under 25 years old.

In this way, the youth unemployment rate in Spain is 27.8%, the highest among the Twenty Seven, above 21.9% in Italy and Sweden, as well as 20.8% in Estonia.

World Nation News Desk
World Nation News Desk
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