Unemployment in the Euro Zone fell to 6.8%, hitting the lowest levels

The unemployment rate in the euro area was 6.8% last March. one tenth less than the previous month and 1.4 points below the same month in 2021, representing the lowest unemployment level in the Nineteen of the entire historical series stretching back to April 1998, according to Eurostat data.

This is how the unemployment rate in the euro area was realized six-tenths of previous level Due to the pandemic, unemployment among euro countries since February 2020 was 7.4%.

Likewise, in the European Union as a whole, the unemployment rate fell to 6.2 percent in March 2022, one-tenth less than in February. 7.5% compared to a year ago. It is also the lowest unemployment level among the Twenty-Seven.

The European Statistical Office estimates 13,374 million people 11,274 million were unemployed in the EU in March 2022, including in the euro area. This represents a monthly drop of 85,000 and 76,000, respectively.

The number of unemployed decreased compared to March 2021 2.359 million in EU and 1.931 million in the euro area.

The eldest of the twenty-seven unemployment rates corresponded to Spain with 13.5%; Greece with 12.9%; and Italy with 8.3%. In contrast, the lowest unemployment figures were observed in the Czech Republic (2.3%), Germany (2.9%), and Poland and Malta (both at 3%).

In the case of under 25 years old, In the euro area and the EU as a whole, the unemployment rate in March was 13.9% compared to 14% in the previous month.

In absolute termsThe number of unemployed youth in the EU reached 2,579 million people in the third month of the year, of which 2.098 million corresponded to the Euro Area.

In the case of Spain, there were 3.164 million unemployed in March 2022 and their 479,000 were under the age of 25.

Thus, the youth unemployment rate in Spain was the highest with 29.6%. Twenty sevenIt is ahead of 27.2% in Greece and 24.5% in Italy.

Source: Informacion

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