The unemployment rate in the Eurozone was last August 6.4%, one tenth less and the lowest level of the entire series, while in the entire series The European Union also fell by a tenth According to the data published by Eurostat, it remained at 5.9%, the lowest level in history.
In this way, the eurozone unemployment rate has fallen one point below the pre-pandemic level since February 2020, when unemployment among euro countries was 7.4%.
The European statistical office estimates that: 12.837 million people became unemployed in the EU in August10,856 million of these were in the euro area.
This represents a monthly decrease of 112,000 unemployed people in the EU and 107,000 in the Eurozone. Compared to August 2022, unemployment decreased by 335,000 people in the EU and by 407,000 people in the euro area.
Among twenty-seven, Highest unemployment rates Spainwith 11.5%; Greece with 10.9%; Sweden and Estonia are both 7.6%. On the other hand, the lowest unemployment rate was seen in the Czech Republic with 2.5%; Malta with 2.7%; and Poland with 2.8%.
In terms of those under the age of 25, the unemployment rate in the Eurozone fell to 13.8 percent in August, while this figure across the EU remained at 14 percent since the previous month.
In absolute terms, the number unemployed youth EU In the eighth month of the year, it reached 2 billion 687 million people, 2 billion 194 million of which corresponded to the euro area.
In the case of SpainIn August 2023, 2 billion 756 million people are unemployed of these, 463,000 were under 25 years of age.
Thus, Spain’s youth unemployment rate was the highest among the Twenty-Seven at 26.8%, surpassing Estonia’s 23.5% and Greece’s 22.5%.
Source: Informacion
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